Origination

The auto finance company, which had stumbled in forays into the credit card business, is now seeing rapid growth in mortgage and unsecured consumer lending.

United Wholesale Mortgage is the third nonbank lender to complete the process of going public since the wave of announcements started last year.

The uptick follows the pandemic-era trend of midmonth increases in active plans, according to Black Knight.

Sales of previously owned homes increased unexpectedly in December, capping the best year for the housing market since 2006 as historically low mortgage rates helped power demand.

Plus, 4Q earnings show strong mortgage volumes, growth forecasted for jumbo loan market and more.

Mortgage industry hiring and new job appointments for the week ending Jan. 22.

Despite that decline, the company notched its second-best quarterly earnings ever over that period.

In a year beset with a pandemic, tornadoes and civil unrest, one bright spot that emerged in 2020 was a residential real estate market that enjoyed record-high sales and home prices in Chattanooga, Tenn.

For the 10th straight year, annual home sales in Central Texas and the median price of those sales surpassed the year-before totals, with 2020's records coming despite the global coronavirus pandemic.

After last week’s spike, mortgage rates dropped back to near historic lows, as broader worries about the pandemic and the economy came back to the fore for investors.