9-7-2020 Hot Topic: August 2020 Ainsworth Advisors Discussion
9-7-2020 Hot Topic: August 2020 Ainsworth Advisors Discussion
- Announcement by GSEs… assessing risk of the refinance market..
- We’ve seen a tightening of credit due to the current crisis… Fannie and Freddie have taken a bigger share…
- Opportunity for an increased refinance market… at 50 basis points, the cash position will increase rapidly…
- The flood of refinances, margins at their widest levels… so it’s a 50 basis point tax on refinances…
- The academic view vs the view from inside… understanding the impact of a decision…
- There’s a finite amount of capital available… lenders need to adjust their lending… impact on Independent Mortgage Bankers…
- The importance of the relationship between Independent Mortgage Bankers and Warehouse lenders… you could see the availability of funds from Warehouse Lenders constrict in the next 6 -12 months…
- A look at monthly volume growth at GinnieMae… churning the portfolios…
- Investors are reluctant… it’s a domestic market, not an international market…
- They’re making money… you’ve got to be able to support your infrastructure… because this will go away…
- A look at the rising FICO scores and the age bracket 50+ in the market…
- There’s a huge pipeline of delinquencies that are about to hit… delinquencies tied to unemployment rate…
- There is an increase in delinquencies ahead of us… period. Refinances are propping up the current market…
- 100 million Americans rent their housing now… 28.9 – 39.9% are at risk of eviction in 2020…
- Only those who are forward-thinking are preparing for when the bottom is going to fall out…
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