Mortgage rates — not commission lawsuits — will be the story in 2024 for publicly traded brokerages

There is no question that the headline of the year in 2023 for many publicly traded brokerages was the commission lawsuits. But in 2024, industry analysts believe mortgage rates will be the primary focus for many firms.“I don’t think the lawsuit storyline is very relevant from the perspective of vol
Read MoreHow analysts see 2024 shaping up for mortgage lenders

Kyle Joseph, a specialty finance equity research analyst at Jefferies, believes that the worst of the current mortgage cycle may be behind us, a sentiment shared by most analysts covering this industry.“Barring any sort of unforeseen consequences, I’d like to think so,” Joseph said in an interview.
Read MoreICE solidifies position as the dominant player in the mortgage tech space in 2023

The mortgage tech industry has taken its fair share of punches in 2023. But for Intercontinental Exchange, Inc. (ICE), it was a year of solidifying its dominance in the mortgage space.It’s been more than a year since ICE’s acquisition of mortgage data juggernaut Black Knight for $11.9 billion, the
Read MoreThe 2023 housing market bent, but didn’t break

As we approach Christmas day, we can only hope that the Federal Reserve now realizes their fear of 1970s-style inflation created a rate-hike cycle that disproportionately impacted the U.S. housing market and that they need to be pro-housing again. Even with all the drama we have dealt with in 2022-2
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