“Rob, earlier this week you posted some ‘units funded’ information from the MBA showing a dramatic decline from a few years ago... Dollar-wise, certainly we’re nowhere near the $4+ trillion funded in 2021. What are some of the other MBA thoughts about 2023 and beyond?” Wise economists will tell you, “If you’re going to put a number on it, don’t put a date on it, and if you’re going to put a date on it, don’t put a number on it.” That said, for total originations of 1-4 unit mortgages, the MBA expects 2022 to clock in at $2.2 trillion, 2023 at $1.8 trillion, and then move higher in 2024 to $2.3 trillion. The MBA also is predicting that mortgage debt outstanding (1-4 family) will be somewhat steady at $13.4-$13.8 trillion, especially given all those 30-year fixed rate mortgages at less than 3.5 percent, but for 30-year interest rates to drop to near 5.50 percent range by year end as the U.S. economy slows somewhat, and unemployment moves toward 5 percent. (Today’s podcast can be found here and is sponsored by LoanCare, a Fidelity National Financial (NYSE: FNF) division and award-winning developer of the most sophisticated mortgage servicing portfolio management tool, LoanCare Analytics, built to support MSR investors with a focus on customer engagement, liquidity, and credit risk.) Lender and Broker Products, Services, and Software “Agility 360 recently announced the addition of David Mulkay as Director of Operations - Advisory Practice to further support our attorney firm clients. His experience coupled with Agility 360’s unique engagement methodology and goal-oriented project management approach will further enhance our ability to deliver analytical, operational, and strategic support for servicing and default clients. Agility 360 provides flexible and versatile consulting services, custom-built to meet client’s operational objectives, and increase market share, optimize quality, reduce cost and/or minimize risk. To learn more about Agility 360’s advisory services, contact Annabeth Kline to set up a meeting today. Or, if you’re headed to the TMBA Annual Conference in San Antonio next week, stop by to meet our team and let’s talk about how we can help grow your business. You’ll quickly learn why Agility has become a trusted resource partner across the industry!”