As one consultant put it, “We hope they all survive. They’ve been a great team.”

To date, there have been just three mortgage IPO SPACs...

There are plenty of buyers for non-QMs these days. And coupled with continued strong home values throughout most of the nation, sales of early payment default mortgages are not proving to be a burden.

The first quarter of 2024 was trying for most privately held nonbanks, but it appears volumes and profits turned a corner in the second quarter. The reason: cost cuts and less competition. Call it the “new normal?”

What might JPMorgan do with the relationship managers attached to the $5 billion in warehouse loans it’s buying from Flagstar? To date, JPM hasn’t talked about details of the yet-to-close deal.

This year, MSR sales could drop to $500 billion, still a great year historically speaking...

Freedom Mortgage reportedly has an unquenchable thirst for MSRs these days, including higher coupon product.

The battle between lenders and the GSEs over loan buybacks continues. But why force a repurchase if the loan is performing?

Is your mortgage CEO worth $30 million a year? $20 million? That may depend on the company’s share price. It might be argued that some executives of publicly traded nonbanks earn their keep while others might be in for a case of comeuppance. (Includes data table.)

Lenders are once again making money on mortgage originations, though not a ton. For now, some are holding onto servicing.