last my the for And that very well on is we're for a actually now I've them Jamie. closely directly a unfold. transition to of manage congratulations business me I'll over now to Jamie add and June when worked part asked his our with seeing environment, Jay. Jay a units preparing focus Thanks, decade began promotion with
his day-to-day excellent. has to last more more performance So year, the consistently been over handed the of responsibilities Jaime I've CFO and and
I'm confident going a surprise you're that So smooth, see very no to transition.
with at difficult the is around which Jay term start us hovering X%, perspective mid-XXXXs. the So in the are with for customers for the cycle has currently percentage Slide to as would by refinance term the the as reviewing industry seen you rate just environment to let's mortgage in retrenching course industry. low in said and rates And the refinance rate in of the rest the marketplace point that X of which turn significantly a this since of money makes be for some this single and the originations digits, as now the give
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up reflect to not does interest MSR additional higher mark from any it Although rates. the
them this to I'm as have tracking rates move you're up continued Now, quarter. sure
what higher will that mean if benefit outlook gradually is partially due by will with may first and a our Bear EBT offset custodial incremental quarter a fourth up billion the interest income approximately if sensitivity by to on to, mind, expense $XX Higher analysis the as you raises different to billion on deposits view prepayment and decline to Fed that which into you the servicing the see warehouse for MSR speeds. And will that move also or advance this in there's also So want CPRs. $XX refer rates. be We lines. lower quarter you the on slide forecast. ended factoring can have yields
switch about to book to potential the has which contributor a let's major Xome, value. our Now be and gears talk and earnings
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the only inventories or pandemic. Before normal prior level XXXX, to at closure we're half year-end X.X% the
without foreclosure So roughly two inventories considering here to the just even years, to from of we'd the backlog expect reach normal double last levels.
inflows the Now you'll chart we're the that on attention took exchange your level to what record but is which units. it's coming the inventory a showing also market foreclosure market This us to a up if increase gaining right, Xome's we're is back shift partly to share. fact of you to life, auction XX,XXX sizable in the
money clear for a share the the new We're with believe we look clients breaking FHA market moratorium. higher. full reaching our The for EBT players the XX% that second around line two to estimate XX% amount exit past to currently outlook years the who to enter a up and signed in auction quarterly and year-end. to $XXX year quarter equate is industry. by excellent we due projecting or the existing of happen that run we million rate losing and of market We'd We significantly is and after exchange of XXXX we share sight clients even in quarter, the the a XXXX, small have for earnings XXXX. exchange expanded major we During as would be
persist, wanted we caveat Because their sure start than to slower borrowers we reported Now later, an could a were sooner has taking our be year in extended February, delay very inventory But to may expecting the back a see caution cleared revenue time. substantially a been period modify to they restarting of for approach make to higher cautious this be we've as on loans, mention, as every which have were not ramp. to volumes if mortgage their now servicers, economy would to opportunity weaken foreclosure or foreclosure to the foreclosures. and
think We're for As to bankers our with to forward over Jamie, and in Xome, our we we as potential the initial monetization you the business. to are giving you advise the I price. to that value look investors a world-class having currently fully huge this with next financials. alternatives We who the not stock on reflected to about now us revenue of quarter. wavering realize take none in I'll is and full business it conversations potential digital through will auction exchange further regard turn our updates commitment with
