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.

Under the Fed’s framework, which in many ways differs from the OCC’s final rule, a bank’s mortgage lending performance will be evaluated in two ways: a retail test and community development measurement.

Wells Fargo, which exited the correspondent channel for jumbo mortgages in April, is still not sure if or when it will resume originating the product through the platform.

The origination boom has afforded mortgage bankers record volumes and profits but it has also created an unforeseen headache: underwriters asking for salaries of $150,00 or more. Plus signing bonuses.

Several top lenders reported declines in purchase-mortgage lending and increased refi activity in the second quarter. Agency MBS data suggest a modest recovery in July and August. (Includes four data charts.)

Even though market conditions are absolutely terrific, warehouse lenders are asking for regulatory relief on their credits. The Federal Reserve is listening, but will it swallow?