Plunge in Mortgage Rates Sparks Refinancing Rush

The video discusses the current trends in mortgage refinancing, highlighting the increase in Google searches and consumer awareness. It examines the role of banks and brokers in the refinancing market, the impact of economic news on mortgage rates, and the challenges faced by investors. Additionally, it explores the use of alternative data in loan applications and the potential inequalities it may amplify.

What are the implications of rising prepayment rates for MBS investors?

How are lenders using alternative data to assess creditworthiness?