Until mid-month, many nonbanks were writing loans hand-over-fist, but warehouse capacity in the COVID-19 era is running low. Also, there’s a snafu at BNY Mellon.

Nonbank lenders and mortgage real estate investment trusts stand to gain from expanding the eligibility requirement for FHLBank membership, according to industry comment letters.

The supply of home-equity debt outstanding fell below $500 billion in the first quarter. And though new originations were up slightly, lenders took a step back in April. (Includes three data charts.)

Given the current state of economic affairs in the nation, a nonbank mortgage company pulling off a public offering of stock seems like a long shot. Right? Maybe not.

The GSEs and non-agency lenders are asking self-employed borrowers to submit more documents than what was required earlier this year.

Oklahoma-based First Mortgage’s former President Ron McCord faces 24 counts of bank fraud, money laundering and making a false statement to a financial institution.

With the reopening of states, lenders are optimistic the purchase-mortgage market will stabilize.

Mortgage lenders delivered a whopping $323 billion of refinance loans into agency MBS during April and May, almost matching full-year volume back in 2018. (Includes four data charts.)

The mortgage M&A market has been dormant during the pandemic, but all that could soon change. Guaranteed Rate, for one, is looking to buy.

Coronavirus-triggered social distancing has given an added impetus to the mortgage industry’s digital transformation efforts. The adoption of remote online notarization may be the key.