With Wells Fargo being less aggressive these days, mortgage competitors feel emboldened to make offers to its best and brightest. A temporary situation?
Mortgage production exploded in the second half of the year, pushing 2020 past the all-time high set back in 2003. Agency business and nonbanks saw the biggest gains. (Includes two data charts.)
Record loan production translates into record paychecks for CEOs. Right? If there’s an IPO involved, yes, but there are exceptions. (Includes data chart.)
Volatility in the secondary market for non-QMs receded within two months but originations are still nowhere near pre-pandemic levels. Reason: lenders focusing on agency refis.
Production records were shattered despite the crushing economic weight of the coronavirus and because of the ensuing nosedive in mortgage interest rates – and the Fed's bottomless appetite for agency securities...
The new PSPA will allow Freddie Mac and Fannie Mae to continue retaining earnings until they reach the regulatory minimum capital — almost $283 billion combined.
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