PennyMac funded $31.7 billion of residential loans during the July-September corridor, a handsome 17% improvement...

Sales of MSRs have been slow, but some owners of MSRs could decide to unload a portion of their holdings...

Many large banks increased mortgage production in the third quarter. Though at some banks, revenue and margins came down.

The refi boom fizzled in recent weeks as mortgage rates increased. Now it’s a waiting game for lenders and borrowers, with rates expected to go down, eventually.

PRMG is — and has always been — more focused and excited about a healthier purchase market, said CEO Paul Rozo.

Interest rates tick up, mortgage applications slow near the end of September and refi rate locks spike during the month; Annaly turns to Rocket for subservicing and retention; Fairway touts returning employees; mortgage tech developments; SitusAMC sells loan insurance entity.

Securitization rates held steady in the second quarter for conventional-conforming as well as government-insured mortgages. In the non-agency market, demand from MBS investors declined. (Includes data table.)

Depository institutions pulled back, to some extent, from mortgage lending in the first half of 2024 and nonbanks stepped in to fill the void. Nonbanks accounted for nearly 65% of originations in the first six months. (Includes two data charts.)

More than a week after a Fed official outlined a planned re-proposal to adjust capital requirements for large banks, industry participants are still waiting for the formal document.

United Wholesale Mortgage faced a minor setback in its quest to have brokers account for 50% of mortgage originations. Both the retail and correspondent channels gained market share in the second quarter. (Includes six data tables.)