Despite holding sizable equity, homeowners are reluctant to tap it due to concerns tied to the pandemic, according to the MBA.

The Trademark Trial and Appeal Board ruled that “Guaranteed Rate” is “incapable of functioning” as a standalone mark.

On Thursday, Rocket Companies, the parent of Quicken Loans, will debut on the NYSE. If warmly received, the mortgage IPO could pave the way for other deals.

Data vendor Black Knight plans to combine its Compass Analytics business with Optimal Blue in a newly formed entity, with an emphasis on cross-selling products.

The Mortgage Industry Standards Maintenance Organization said it is developing standards to facilitate more efficient servicing transfers. The organization is asking industry participants to join its working group.

Given the recent surge in new COVID-19 infections, now may be a good time to reassess location-based licensing requirements as well as state oversight, the trade group believes.

Several states had online notarization policies for mortgage closings before the pandemic, but more than half of the states have issued orders in recent months — some of them hastily written.

The parent company of Quicken Loans splurged $905 million on marketing last year, helping the nonbank become the second largest mortgage lender. The firm is now ready to launch an IPO.

Many FHA and VA loans have been bought out of Ginnie pools and moved onto bank balance sheets, according to the MBA.

The book just closed on the second quarter, and it appears that many nonbank originators closed more loans than they did in 1Q20.