But all that’s out the window. Each week, rates are testing new lows...

The top five servicers saw a combined 2.8% drop in MSRs...

JPMorgan, in particular, was an origination laggard, funding $24.2 billion in home mortgages during the second quarter, a 13.8% decline from the first three months of the year.

The biggest gain in the government market was in VA loans, where quarterly volume was up 23.5%...

Efforts to turn Ocwen around appear to be working. The publicly traded nonbank earned $2.0 million in the second quarter and officials there suggest the lender/servicer will be profitable next year.

BofA processed 1.8 million of payment deferrals across all business lines, including mortgages...

The writing was on the wall: nonbanks took over the Ginnie market back in 2016...

United Wholesale sold $5.74 billion of jumbos to unaffiliated non-agency buyers in 2019.

Overall, refinances accounted for 64.2% of new business compared to a reading of 60.1% the week before. The trade group’s purchase index decreased 6.0%

The venerable agency MBS platform set production records in both the third and fourth quarters of 2019, caught its breath in early 2020, and then rose 12.7% to a new high in the April-June cycle.