A tougher origination year in 2022? Looks that way, but forecasts can change on a dime when unexpected news alters economic perceptions. Meanwhile, a fist full of nonbank stocks are selling for less than $5 a unit.

Wholesale-broker production was up in the third quarter largely because the biggest lender in the channel increased its funding volume. The retail channel saw a 5% drop. (Includes six data charts.)

Non-QMs offer the promise of strong margins and a product to replace refinance volume. They also account for a miniscule portion of mortgage originations.

We pointed it out before, but the situation has not changed: Nonbanks that went public over the past 16 months are not doing well when it comes to share price. As for meaning: Such a performance does not bode well for other nonbanks contemplating life in the public realm.

Is the great warehouse lending party just about over? It’s starting to feel that way to some managers. Ominous sign: new entrants. (Includes data chart.)

Vishal Garg’s mortgage fintech Better originally thought it would be a public company by yearend. But now? Stay tuned.

The failure of Zillow’s algorithm to provide reliable forecasts of home price changes could mean the GSEs’ automated valuation models are also suspect. Really?

The fix-and-flip market is starting to look a little long in the tooth. Right? Maybe for some corporate investors. But for originators of these short-term loans, the grass still looks green.

A report by Fitch Ratings forecasts a sharp drop in originations and declining GOS margins that will put pressure on earnings for smaller nonbank lenders.

Loan officers’ commissions decreased 17% year-over-year during the third quarter, driven by a hefty 37% drop in refinance commissions.