The outbreak has completely upended whatever expectations the industry had heading into 2020. Here's key areas that have been shaped by the pandemic, some potentially forever.

Unemployment is high. Credit is tight. And scientists are warning that a dangerous second wave of the coronavirus is coming. But somehow, U.S. mortgage companies are having one of their best years in history.

The REIT will add $500 million in capital through a senior secured loan, and it received a $1.65 billion term facility.

The company could be seeking a cash infusion to handle market difficulties ahead, but representatives are keeping mum on the matter.

The expected rise in refinance volume overrides pessimism about purchase activity for their businesses.

Lenders are cautioning not only that second-quarter provisions might exceed the spike seen earlier this year, but also that credit costs could be elevated into 2021 if the economic slowdown drags on or fears of a second coronavirus wave are borne out.

Independent mortgage banks started 2020 strong after three quarters of high profits, according to the Mortgage Bankers Association.

The company's planned two-week halt on originations turned into more than two months on hiatus because of coronavirus-related market disruptions.

Thomas O'Brien will take the helm at Sterling Bancorp, which is dealing with internal control issues and probes by the OCC and Justice Department into its mortgage operations.

The lenders also are receiving warrants to purchase New Residential stock.