The FHLBanks eked out a tiny profit in 2021, while net income at Fannie and Freddie soared.

It was a good news/bad news story for the second-lien market in the first quarter of 2022. Production increased nicely but outstandings fell. (Includes three data charts.)

When interest rates rise, MSRs increase in value. It happened in 1Q22 and is a sure bet for 2Q. But the breadth of the second-quarter gains is likely to be small, advisors warn.

The Fed was supposed to begin letting assets roll off its balance sheet starting June 1. So far, there’s been little change.

Lower has acquired Hamilton Home Loans. Also, HomeLight is acquiring Denver-based Accept.inc to build out its cash offer program.

Analysts agree that bringing management in-house is a long-term positive but differ on whether it improves value in the short run.

Demand for HELOCs is rising from borrowers who want to tap their home equity without letting go of their low-interest rate first mortgage.

A New York district court has found that RPM/LendUS used stalling tactics to get out of a merger deal with Entitle Direct Group, a title insurance company.

It is tougher times for banks engaged in financing nonbank originators. Usage rates are down significantly and some customers are consolidating lines of credit. (Includes data chart.)

Rate locks for purchase mortgages declined from April to May. Numerous factors are depressing demand for the loans: higher interest rates, accelerating home prices and inflation.