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 * Lenders Seek Fresh Income Streams in Rocky Market
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 * * 
   Bodnar of MMG: Jobs Report, Fed Meeting, and Rate Hikes Bill Bodnar of the
   Mortgage Market Guide (MMG) notes that there is a lot to discuss this week:
   the Jobs Report, the Fed Meeting, the impact of rate hikes and key technical
   levels. 
   
   
   
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LENDERS SEEK FRESH INCOME STREAMS IN ROCKY MARKET

Friday, Nov 04 2022 Lending Written by  The Mortgage Leader
   
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As rising rates crush mortgage activity, lenders have been turning toward other
ways of generating revenue. So reports Yahoo Finance.

Nonbank lenders such as United Wholesale Mortgage, Home Point, Rocket Mortgage
and loanDepot have been selling mortgage servicing rights portfolios and gaining
some ready cash.

Buyers of MRS portfolios, too, including Mr. Cooper, have benefited as their
values rise. Meanwhile, lenders have also been cutting costs by ending credit
lines that were used to fund originations.

Read the full article from Yahoo Finance. 


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