Fitch Ratings predicts mortgage rates will decrease in the coming months, enhancing profitability for nonbank lenders and leading to a rise in mortgage origination volumes.
Fitch upgraded several nonbank mortgage companies based on the expectation of a future increase in mortgage originations, which is projected to reach $2.1 trillion to $2.3 trillion in 2025.
With a consolidation trend in the mortgage market, top-10 lenders have seen their market share increase to 40%, providing them with a significant competitive advantage.
The Federal Reserve's easing cycle is likely to support higher mortgage originations, allowing more homeowners to qualify for refinancing despite volatility in the treasury markets.
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