Posted To: Pipeline Press

Welcome to the start of Fat Bear Week in Alaska. (There’s even a Park Service bracket with the favorites… expect upsets!) It’s probably easier to forecast the fattest bear than it is to predict forbearance trends, although MCT’s “ MSR Forbearance in 2020: Challenges and Recommendations addresses the “here and now” about how market volatility, forbearance, prepayment speeds and other factors have affected MSR portfolios. Turning to interest rates and volumes, the “experts” are saying production has no where to go but down in 2021 . So does paying signing bonuses and stealing competitor’s staff make sense if volumes actually drop next year? And should the industry even embrace forecasts in general, or ignore them and focus on taking market…(read more)

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Source: Mortgage News Daily