Originations

Despite ending 2022 in the red, the lender and servicer saw full-year profits exceed 2021's total.

More than half of pandemic gains have been erased, but how the mix of stronger than expected overall employment and other developments will affect rates remains uncertain.

An analysis of HMDA data from 2018 to 2020 found a correlation between age and mortgage application outcomes.

The company wound down its wholesale production channel and is surrendering its Fannie Mae and Freddie Mac seller/servicer status.

The REIT failed to post profits in any quarter last year, as the mortgage industry encountered a steep originations slowdown.

The 30-year fixed pushed up another 8 basis points this week as the markets are speculating about what the Federal Reserve will do next.

The company lost $163.7 million last year as funded origination volume fell 71% annually to $27.6 billion in 2022.

Executives at the company pointed to market volatility, year-end seasonality and its exit from the wholesale channel as reasons for the deficit.

The top five depositories have a combined second lien dollar volume of more than $88 billion as of September 30, 2022.

The increase in federally backed loan activity helped drive overall volumes upward for the first time since early February, even as interest rates jumped again, according to the Mortgage Bankers Association.