ATTOM reports dollar volume in Q1 2024 was less than one-third of 2021's quarterly high.
Tagged: mortgage originations
As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.
January originations report reveals promising trends with increased lock volume, rate relief, and market stabilization indicators.
Anticipating an increase in mortgage volume driven by improving rates and favorable demographics.
Housing market to see growth in single-family mortgage originations, despite ongoing economic uncertainty.
Refinance activity improved, but purchase lending and HELOCs declined.
Elevated interest rates drive down borrowing activity, while home equity provides relief amidst rising delinquencies.
Fitch Ratings says non-bank mortgage companies might grapple with challenges due to subdued origination volumes and prevailing high-rate environment.
Economists from the Mortgage Bankers Association anticipate a gradual recovery in the mortgage sector, with rates expected to dip and origination volumes set to surge by 2025.