The mortgage layoff streak has ended, thanks in part to improving originations in the second quarter. But don’t look for a V-shaped recovery in the numbers. The Federal Reserve still controls the table.

When rates rise, holders of MSRs can benefit by increasing the value of this esoteric asset. Now that the second quarter has ended, the biggest beneficiaries will be shops that took it easy when it came to hedging.

FHFA could limit usage of FHLBank advances; losses narrow at Better in first quarter; home price appreciation slowing; the impact of higher interest rates on potential borrowers.

Pennington worked for Movement for 15-plus years...

Since early 2022, lenders of all stripes have been laying off workers to right-size their operations for leaner times.

The ultimate goal: to suspend counterparties who committed misconduct...

Three years ago the 10-year Treasury was offering a yield of just 55 basis points...

Comerica and Fifth Third are departing the warehouse arena. Should nonbanks be concerned that others might follow?

Fifth Third began building its new warehouse lending business during 2021 when originations were still booming...

Better’s merger partner — its initial public offering is designed to be accomplished via a SPAC — is Aurora Acquisition Corp.