At issue: the freedom of loan brokers under UWM's operating contract...

The slope also remained slippery for home-equity debt outstanding. The Federal Reserve reported $441.6 billion of home-equity loans outstanding at the end of 2020, an 11.9% drop from the previous year.

Fannie and Freddie are earning a ton of money. But that isn't the problem...

Thrifts posted a hefty 11.2% increase in their MBS portfolios, while credit unions boosted their holdings by 7.8%...

The company added: “We cannot predict the continued impact of an increased interest rate environment on our originations or gain-on-sale margins. Further, there is no assurance that these preliminary results will be indicative of our final results for the three months ended March 31, 2021 or in any future period.”

The IAC said the SEC chose to make the reports confidential, despite the fact that the authorizing legislation didn’t require it.

“More than 11% of borrowers in forbearance have now exceeded the 12-month mark,” said Mike Fratantoni, MBA’s SVP and chief economist. “We anticipate that servicers will be busy over the next month"...

The sudden dominance of nonbanks in mortgage banking profits was due to Rocket Companies, parent of Quicken Loans...

Even non-agency MBS had a strong month, with daily trades averaging $3.5 billion, a sequential monthly improvement of 20.6%.