Correspondent and wholesale-broker production made bigger gains from the third to the fourth quarter, but retail was the runaway winner in 2020. (Includes six data charts.)
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loanDepot’s IPO fizzled last week. This week, the nonbank’s stock price was up sharply even before the company reported $547.2 million in net income for the fourth quarter.
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Caliber, as a technical matter, still plans on selling shares to the public. But the company also is in the market with a huge flow deal. Confused?
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Some non-QM lenders weathered market volatility in March 2020 without halting production while others took a few months off. Now, two of the top players in the sector are ready to increase production.
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The bill includes more than $10 billion in homeowner assistance funding. The vast majority of that would go toward helping borrowers pay their mortgages, property taxes, home insurance and utilities.
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If the Biden administration does not defend the 2020 disparate-impact rule, NAMIC plans to ask the court to set an argument date for its summary judgment motion, according to Ballard Spahr.
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