In 2022, Homestar originated $2.5 billion in residential loans...

While originations and revenues sink at fintech Better, management remains well compensated, which is sure to irk suffering shareholders.

U.S. Bank's servicing-for-others portfolio fell to $232.3 billion at the end of September from $251.6 billion at the end of June.

To survive the next few quarters, lenders must continue to cut costs...

Declining volumes at large sellers in the third quarter shifted market share to small shops. United Wholesale Mortgage remained the top GSE loan seller during the quarter. (Includes two data charts.)

Chase and Wells Fargo reported a slight dip in overall mortgage originations in the third quarter of this year.

California had more than double the amount of originations by nonbanks in 2022 compared with any other state. The refi share of originations by nonbanks in California was also elevated. (Includes data chart.)

Originations of home equity lines of credit and closed-end second liens in 2023 haven’t kept pace with production in 2022 as elevated interest rates are limiting activity. (Includes three data charts.)

Trade groups representing large banks and mortgage lenders warn that a July proposal to increase capital requirements for large banks could push depositories further from the mortgage market.

When the Federal Reserve begins cutting rates next year, the mortgage industry will become “fat” again. At least that’s what some believe. The immediate challenge: surviving until then.