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Private-label securities are in demand as investors bet Fed peak is reached

Housing Wire

And so [investors] can start having greater conviction in the future path of interest rates and in the health of the mortgage market.” Non-QM mortgages include loans that cannot command a government, or “agency,” stamp through Fannie Mae or Freddie Mac. My guess is we’ll do 10 or 11 deals this year in the $5.5

Investors 347
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Mortgage industry excitement is subsiding about expected Fed rate cuts in 2024

Housing Wire

The so-called dot-plot estimates show the Fed might make one fewer rate cut in 2025 compared to its forecast in December 2023. As with investors strengthening their bets of an initial rate cut in June, that same sentiment is shared among housing pros. “I this year before declining to a range of 6% to 7% in 2025.

Mortgage 389
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Mortgage companies issue debt. Here’s why that’s a positive sign to the market

Housing Wire

Mortgage companies raising debt in the current high mortgage rates landscape is a sign that market conditions are improving, although a recovery from the downturn may come later than expected, analysts told HousingWire. And recent transactions show that there’s an appetite among investors for debt in the mortgage space.

Mortgage 357
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Mortgage rates trend down amid lower monetary, fiscal pressures 

Housing Wire

Mortgage rates jumped last week amid a debt ceiling impasse and expectations of another federal funds rate hike. debt limit until January 2025 and cap government spending. debt limit until January 2025 and cap government spending. trillion U.S. trillion U.S. The same rate averaged 5.09% a year ago at this time.

Mortgage 354
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How LOs, mortgage execs are preparing for 2024

Housing Wire

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. The spread between the 30-year fixed-rate mortgage and the 10-year Treasury yield has narrowed after sitting at over 300 basis points, compared to the historic norm of 150 bps.

Mortgage 438
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loanDepot narrows losses in Q2 as margins improve

Housing Wire

The California-based mortgage lender had its second consecutive double-digit revenue gain amid increasing origination volumes and margins. Changes in leadership came with the decision to consolidate LDI Digital, including mellohome, into its existing production channels, under the direction of LDI Mortgage President Jeff Walsh.

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Will new products stop the bleeding for mortgage lenders? 

Housing Wire

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. That has contributed to UWM’s competitors taking losses on loans when they can least afford it.

Mortgage 384