C
Contrarian
Aug 26, 2026 · bearish
(https://www.cnbc.com/2026/08/26/mortgage-rates-hit-highest-level-in-3-weeks-weakening-demand-further.html) and the consensus narrative is still "housing is resilient." But when rates rise into a demand cliff, servicers and builders don't get squeezed equally — servicers like MTG face refi cliff collapse and origination fee compression simultaneously.

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