The gain on sale in the retail channel dropped by more than half annually, as the wholesale and joint venture channel endured an even tighter squeeze due to competitive pressures

While the hot market’s actual and forecast home price gains were key drivers of Fannie’s results, they also present a challenge to the affordable housing mission that it’s working to address.

The bank saw a modest increase in net income from the first quarter, as lawsuit settlements tied to the company’s discontinued home lending business and fees regarding an anti-money laundering and securities class action suit continue to limit growth.

The REIT also reveals plans to expand in the single-family rental market with a new brand and target of $5 billion in acquisitions over five years.

The company’s results included some transitory revenue sources, including early buyouts of loans in forbearance from securitized pools, but executives plan to maintain growth over time through economies of scale.

New customer growth and increased adoption of a digital workflow by mortgage lenders resulted in better than expected results for the Intercontinental Exchange unit.

The government-sponsored enterprise's single-family credit reserve release caused earnings to spike.

The bank produced $1 billion less in originations while its gain on sale fell 49 basis points from the first quarter.

The shift to higher-margin home purchase policies helped to boost results at First American, Old Republic and Stewart.

While the unit saw a bigger increase in purchase volume compared to its competitors, net income, loan sales margins and total volume was lower compared with prior periods.

The Rhode Island bank endured a sharp decline in fee income from home loans, which had spiked earlier in the pandemic. But CEO Bruce Van Saun says the company is well positioned as the refinancing boom fades and the home purchase market becomes more important.

The bank's noninterest expenses fell by 8% in the second quarter — a sign that CEO Charlie Scharf is making progress in reining in spending that had been soaring in recent years amid heightened regulatory scrutiny. He ultimately hopes to reduce gross expenditures by $8 billion annually.

The bank's second quarter production revenue was down 32% from the first quarter, even as volume increased 4%.

The company is looking to sell 20 million shares, with a 3 million underwriters' option, at between $16 and $18 per share.

Even though the channel helped the bank do over $2 billion in business last year, going forward it will produce loans through the traditional retail business.

Premiums written increased 45%, while net operating income was up over 65%, the American Land Title Association said.

The company plans on trading on the New York Stock Exchange under the ticker symbol BLND

More than two-thirds surveyed said they expect to make less money over the next three months as price reductions ramp up along with a market shift to purchases.

The company, on the cusp of going public via a merger, recently added Wells Fargo to its client roster.

The newly public company expects a 20% overall loss in adjusted earnings this year.