Lessons from Lenders’ Q1 Earnings Amid Epic Volume Drop

HousingWire, May 16, 2022–Connie Kim
As banks and nonbank lenders recently released earnings for the first quarter of 2022, two things became clear: Origination volume plummeted across the board, but those that managed to muster up a good quarter benefited from servicing portfolios. As refinancing became less appealing, lenders also sold off a large portion of mortgage servicing rights, cut costs and diversified revenue stream to survive the mortgage storm.
https://www.housingwire.com/articles/q1-earnings-lenders-leverage-mortgage-servicing-rights-profits/