Opinion Mortgage industry liquidity risk returns

By any measure, the past 24 months have been a roller coaster for the residential mortgage industry. In June 2020, the Fed was buying billions of dollars per day in Treasury debt and mortgage-backed securities, driving rates below 3% and pushing lending volumes for the year to record levels. Two years later, those rates touched above 6% and issuance of all new mortgage paper is now at a run rate half of 2020’s or below $200 billion per month.

https://www.nationalmortgagenews.com/opinion/mortgage-industry-liquidity-risk-returns