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.

Gain-on-sale margins are rich these days, as evidenced by Mr. Cooper’s recent SEC disclosure. Is this a one-off or something that could last for years?

Based on two deals announced this week, it’s apparent that capital markets investors are open to investing in MI firms during the pandemic.

Production of non-QMs is nowhere near the levels seen earlier this year. The situation won’t change until demand rises in the secondary market.

The GSEs won’t accept LIBOR-based loan applications after Sept. 15. They expect all purchases linked to the London rate to cease by yearend.

Conferences are big revenue generators for many trade associations, and the cancellations of shows this spring will hurt financially.

On the surface, all looks well for warehouse lenders but behind the scenes underwriting is being tightened and new clients are being put on hold.