MReport April 2021

TheMReport — News and strategies for the evolving mortgage marketplace.

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64 | TH E M R EP O RT FINAL THOUGHTS A Mixed Forecast Despite a booming housing market, the mortgage industry still faces challenges. Here's what the industry is talking about amid shifting rates, ongoing forbearance concerns, and changes in government. "significantly curtailed" Ben Graboske, President, Black Knight Data & Analytics, discussing how changing rates are impacting refi incentives. "working overtime" Todd Teta, Chief Product Officer, ATTOM Data Solutions, on the strong Q4 2020 origination numbers. "can't wait" Marcia L. Fudge, expressing enthusiasm for the work ahead after being sworn in as Secretary of Housing and Urban Development. "signaling caution" Doug Duncan, SVP and Chief Economist, Fannie Mae, on lenders' concerns about profitability and market competitiveness, despite a strong housing market. "a whole new group of humans" Courtney Thompson, SVP of Default Mortgage Servicing, Flagstar Bank, on how many borrowers have been forced to seek forbearance or other assistance during COVID-19 who would not previously have needed it.

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