Remember the government’s Paycheck Protection Program? Mortgage bankers took some of the money and then posted record earnings.

In regard to underwriting shortcuts, loanDepot said it did nothing wrong, but the nation’s sixth-largest home lender’s counterparties may need some reassurances. One observer called a lawsuit filed against the company a legal “nightmare.”

Most top home-equity lenders reported increased production levels in the second quarter. But retained portfolios of HELOCs and closed-end seconds continued to shrink. (Includes three data charts.)

Freddie finds trends of bias in appraisal practices; Freedom Mortgage and Mr. Cooper will allow employees to work from home long term.

Originations of non-agency jumbos set an all-time record in the second quarter, but securitization of conforming-jumbo loans by Fannie, Freddie and Ginnie was down. (Includes three data charts.)

Trade groups run a victory lap over the Biden administration decision to end Trump-era restrictions on the GSEs.

For months, the FHFA was working on a new capital regime for Fannie Mae and Freddie Mac. Few were even aware of the exercise. But now it’s here.

Non-QM lenders believe the market is going to grow. The optimism has yet to be reflected in market share, but there’s always next year.

Assessing the legacy of former FHFA Director Mark Calabria: Did he do more harm than good? All depends on your line of business.

Purchase-mortgage lending soared to a record $515 billion during the second quarter of 2021, buoyed by first-time buyers. Refi lending was down but still accounted for 58% of the market. (Includes five data charts.)