General World News

2023: A year of retrenchment for the secondary mortgage market

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates, steep home prices, scarce inventory and anemic mortgage originations, compared with the boom years of 2020 and 2021.

It also has been a brutal year for the secondary market that creates liquidity for mortgage lenders as greatly reduced mortgage originations, liquidity challenges and interest rate volatility have played havoc in the whole-loan trading as well as the private-label and agency securitization channels

“The market progressively got worse around the start details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com