How analysts see 2024 shaping up for mortgage lenders

Kyle Joseph, a specialty finance equity research analyst at Jefferies, believes that the worst of the current mortgage cycle may be behind us, a sentiment shared by most analysts covering this industry.“Barring any sort of unforeseen consequences, I’d like to think so,” Joseph said in an interview.
Read MoreICE solidifies position as the dominant player in the mortgage tech space in 2023

The mortgage tech industry has taken its fair share of punches in 2023. But for Intercontinental Exchange, Inc. (ICE), it was a year of solidifying its dominance in the mortgage space.It’s been more than a year since ICE’s acquisition of mortgage data juggernaut Black Knight for $11.9 billion, the
Read MoreThe 2023 housing market bent, but didn’t break

As we approach Christmas day, we can only hope that the Federal Reserve now realizes their fear of 1970s-style inflation created a rate-hike cycle that disproportionately impacted the U.S. housing market and that they need to be pro-housing again. Even with all the drama we have dealt with in 2022-2
Read MoreNew home sales market welcomes lower mortgage rates

New home sales missed sales estimates, but the builders’ stocks have been roaring higher. What gives? There are two key things to remember before I go into the report’s details. Mortgage rates rising to 8% in October impacted the data line, which I spoke about on CNBC recently.Also, new home sales a
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