LO Jobs Nationwide; Digital Products; Lenders Changing What Borrowers Access and See


Posted To: Pipeline Press

Despite finding programs to fit their borrowers being the emphasis for lenders, pricing and margins are a constant discussion topic. For lenders the decline in rates is good news, but for servicers, and servicing valuation, the decline in rates is great cause for concern as assets some thought would be on their books for years are suddenly a candidate for paying off early. From the capital markets sector, Brent Nyitray weighed in with, “I have a theory that the big wholesalers were counting on their Mortgage Servicing Rights (MSR) mark to paper over a price war. I suspect the 25-basis point drop in the 10-year yield is going to cause a mark-to-market hickey on many aggressively marked MSR portfolios. Many in the industry are hoping this moderates the price wars out there as many LOs are…(read more)

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