HECM originations sink to lowest level since 2020, HMBS issuance down 17% in September
September endorsements dropped to 1,790 — the lowest figure since April 2020 — while HMBS issuance fell to $446 million
Even a missed jobs report and the Fed talking dovish aren’t keeping yields lower
A jobs miss sent the 10-year yield to as low as 5.17% before yields rose higher toward 5.28%
Mortgage Banking Summit: ‘Street fight’ market concentrates growth toward nondelegated lenders
Data shows a small fraction of lenders capturing most new production as LOs shift to brokerage and correspondent platforms
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