Net income grew by nearly 1,990% year-over-year as its core mortgage services businesses gained scale.

While Freddie Mac stabilized liquidity in mortgage markets, coronavirus-related credit losses drove the GSE's income down in the first quarter of 2020.

The first-quarter loss ended a two-quarter profitability streak the company hoped to maintain.

The broker/wholesale business was by far the smallest origination segment for the company.

Refinancing drove a 75% year-over-year increase in mortgage banking revenue during the first quarter at Flagstar Bancorp as it shored up its operations to avoid other negative repercussions from the coronavirus.

Low mortgage rates increased new orders, but fallout from the pandemic hurt investment income.

Declines in mortgage servicing rights valuations at JPMorgan Chase and Wells Fargo point to the resurgence of a dilemma that came up during the last downturn.

New Residential Investment, a real estate investment trust focused on housing, is selling a portfolio of debt with a face value of $6 billion.

The impending wave of loan delinquencies because of the coronavirus hurt private mortgage insurer earnings, but the companies will still have sufficient capital, a Keefe, Bruyette & Woods report said.

Title underwriters won’t be hit as hard by the coronavirus as other insurers, but related economic changes will challenge them, Fitch Ratings said, in assigning a negative outlook to the sector.