Nonbanks are making money once again, which could pave the way for new nonbank IPOs. Also, some of the IPO class of 2020/2021 are trading above their out-of-the-gate prices.

MBA predicts three Fed rate cuts this year as nonbanks return to profitability for the first time in two years.

Industry experts at a MISMO conference discussed the challenges of forecasting climate risk and its impact on mortgage performance.

Originations increased across mortgage products in the second quarter. The conventional-conforming sector’s market share held steady while government-insured lending lost some share. (Includes data tables.)

The spring homebuying season helped to increase purchase-mortgage lending by 40% from the first quarter to the second. Still, the purchase sector lost some market share in the first half of the year as refi business percolates. (Includes five data tables.)

Interest rates on mortgages declined as the traditional homebuying season nears an end. Demand for purchase mortgages also continues to be limited by weak inventory of homes for sale and elevated home prices.

With mortgage originations coming off two challenging years — to put it mildly — now might be a good entry point for warehouse providers. At least that’s what Scotiabank is betting on.

Although nonbank advocates have long argued for FHLBank membership, new proposals from the Urban Institute address key challenges.

A Fannie survey of recent homebuyers shows a growing interest in digitizing the homebuying process. That includes finding a home, getting a mortgage and filling out the closing documents.

Refis are poised to increase and MSR values will decline as interest rates decline. United Wholesale Mortgage is prepared for the moment, having sold off a significant amount of MSRs earlier this year.