More M&A talk is hitting the market. One possible buyer is Movement Mortgage, the nation’s 24th largest home lender. Meanwhile, Steve Adamo has parted ways with Embrace Home Loans.

Third-party originators typically do better in strong purchase-mortgage markets, which was apparent again in the fourth quarter of 2022. (Includes six data charts.)

By booking a higher provision for credit losses in the third quarter, Freddie set the stage for improved financial performance in the fourth.

Most Fannie Mae and Freddie Mac policies regarding loan eligibility have returned to pre-pandemic standards.

Bulk servicing packages continue to hit the open market as the first quarter draws to a close. Meanwhile, Mr. Cooper puts a number on its 2022 layoffs, burying the disclosure in an SEC filing: 1,200.

Following Jay Farner’s surprise move to retire, the mortgage company has retained a “leading firm” to consider both internal and external candidates for the CEO position.

Loss provisions and declining volumes spell lower profits going forward. However, Fannie’s capital requirements remain elevated.

Government lending accounted for a rising share of first-lien originations in 2022 largely by taking in higher-risk loans. The steepest decline in the fourth quarter was in conventional-conforming production. (Includes two data charts.)

Borrower use of buydowns spiked as interest rates increased in 2022, but “permanent” buydown activity has diminished somewhat this year.

In a surprise move, loanDepot Executive Chair Anthony Hsieh has stepped down, though he remains as chairman. What’s clear: The LD founder is not a happy camper, as insiders sell stock and the firm’s fortunes fade.