Canadian mortgages are remarkably short — just one to four years. The monthly payments, though, are comparable to American mortgages because the loans are still amortized over 25 to 30 years.

Even as many parts of the country see a surge in coronavirus infections, activity in the purchase-mortgage market continues unabated.

When it comes to origination gains, Wells Fargo and JPM took a backseat to some of their commercial banking brethren in 2Q20.

Quicken’s recent IPO news has sparked chatter that other top-ranked nonbanks might go public as well. But often, that’s easier said than done.

After an initial public offering involving Quicken Loans and affiliated companies is completed, founder Dan Gilbert will retain 79% of the voting power in the common stock of the new entity, Rocket Companies.

The mortgage M&A landscape has been a desert for most of the year but, as always, hope springs eternal for deal makers.

Heavy rate-term refinances and cash-out transactions accounted for much of last year's big gain in first-lien originations. Denial rates were down in nearly all categories. (Includes data chart.)

Within the mortgage industry, brokers appear to be the majority of borrowers under the Paycheck Protection Program, with 601 companies submitting successful applications.

The agency announced an ambitious agenda of new rules on TRID, loan officer compensation and the ATR standards.