Nonbanks continued to account for over half of mortgage originations in a primary market that soared to $975 billion in the second quarter. (Includes data chart.)

The MBA said a permanent, paid-for government backstop for agency mortgage-backed securities would be the ideal way to ensure a deep, liquid secondary mortgage market.

A Biden victory could have immediate ramifications for the CFPB. What’s in the cards: a change in leadership and more enforcement activity.

If you thought the second quarter was a barn burner for loan production, just wait until you see the results for the third quarter. Across the board, executives are predicting stellar results.

In an effort to more closely align its businesses, Quicken Loans is rebranding its wholesale division as Rocket Pro TPO. The announcement came less than 24 hours before rival United Wholesale unveiled plans to go public.

United Wholesale Mortgage and Home Point have contributed to a program to help minority and women entrepreneurs open brokerage shops.

Mortgage origination profits haven’t been this good in decades. Gain-on-sale margins of 600 bps on government loans? At some shops, yes.

The volume of eMortgages purchased by Fannie and Freddie has grown more than fourfold since 2018, but it’s still a tiny fraction of their single-family business.

Nonbanks continued to account for a bigger share of the loans produced by the top 100 lenders. But the market has become less consolidated, with smaller firms taking a bigger share. (Includes two data charts.)

The nation’s largest table-funder, UWM will become a public company via a SPAC. When’s the last time a wholesale-only lender went public? Decades.