The market continues to chatter about Wells Fargo’s future in mortgages. Meanwhile, time to cash out of home finance?

After cutting interest rates on its products in late June, UWM expects its gain on sale to decline from 99 bps in the first half of this year to as low as 30 bps in the third quarter.

Some banks are partnering with Rocket Mortgage on originations. Rocket said banks are having a hard time competing with the nonbank.

Fannie Mae will allow downpayment assistance supported by lender-funded grants.

Falling origination volumes and a return to loan-loss provisions point to lower net income for Fannie Mae and Freddie Mac through the end of the year.

With limited demand for refinancing, lenders are peddling other products. While nonbanks are offering home-equity loans, some lenders are selling mortgages with a reduced-fee refi option down the road.

Lenders have already priced in a recession, economists said, forecasting mortgage rates to keep moving sideways, despite the recent interest rate hike by the Federal Reserve.

Agencies and regulators are seeking stakeholder input on how to improve lending and securitization in the manufactured home space.

When a company right-sizes operations, how many employees lose their job?; margins improve in the second quarter; applications for refis increase.

First-lien originations fell 10% from the first to the second quarter, but a number of lenders — especially those that focus on purchase-lending and non-agency products — outperformed their peers. (Includes two data charts.)