Secondary mortgage market adjusts to higher-for-longer rates
A range of experts across a variety of secondary mortgage market sectors offered their thoughts on the market dynamics at play.
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A range of experts across a variety of secondary mortgage market sectors offered their thoughts on the market dynamics at play.
The growing role of private investors, new capital rules and industry consolidation are among the variables propelling change in the MSR market.
The mortgage-servicing rights (MSR) market remains robust as we turn the corner into 2024, and though it is expected to slightly underperform 2023, the market is still projected to notch healthy trading volumes in 2024 — hovering near the $1 trillion mark for the fourth year in a row, market observers forecast.
The year ahead promises to offer the housing industry some relief, compared with a grueling 2023, but it is likely to be only a small bounce forward toward a healthier market.
Liquidity, rate woes clobbered securitization and whole-loan channels in 2023, with the MSR sector emerging as a lone shining star.