Mortgage Burnout Looms for Lenders

Wall Street Journal, Nov. 24, 2021–Telis Demos (subscription)
It is getting to the hard part in the mortgage business. When mortgage lending volumes were buoyant during the pandemic, originators could offset competitive pressure on their margins, especially whenever rates ticked down and demand for refinancing grew. But volume in certain key segments is now getting harder to come by, even if rates remain low. (MBA mention)