Adapting to the Changing Terrain of Mortgage Servicing

MBA Servicing NewsLink | by Amanda Phillips

Published February 06, 2024

Coming off a year of thinning origination volume, soaring home prices, rising interest rates and low housing inventory, it’s safe to say 2023 was a challenging year for lenders. It was a year in which mortgage applications hit their lowest level since 1996. Fast forward to today; home purchases are projected to be up 15% compared to 2023. The outlook and borrower sentiment for 2024 is refreshing, to say the least.

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