Shares of Enact Holdings began trading on the Nasdaq this week, surging more than 7% on Day 1.

Layoffs in the mortgage industry? No, not yet. Actually, there were modest staff reductions in 2Q21 but most of the displaced landed quickly.

For refinances completed during the second quarter, 28% of borrowers remained with the servicer of their previous mortgage, the largest share since the pandemic started, according to Black Knight.

Nearly half of the executives surveyed by Fannie Mae expect profit margins to contract in the fourth quarter.

Bank call-report data show a huge drop in mortgage banking income from the first to the second quarter, but several top banks reported big gains. (Includes data chart.)

When an industry thrives, its chief trade organization usually thrives as well. But not in FY20, when COVID-19 and accounting entries from the year before nicked MBA’s bottom line.

It was thought that higher capital requirements proposed on Ginnie Mae issuers would ding valuations of the MSR asset. But so far, that hasn’t happened. Credit: strong demand and declining forbearance ratios.

Unfazed by mounting losses, the newly public mortgage technology vendor is working to add clients and complete more acquisitions.

Companies can require that employees get vaccinated, but they have to provide exemptions on medical and religious grounds.

While analysts continue to track potential losses from property damage due to Hurricane Ida this week, servicers of mortgages for the GSEs have been instructed to proactively offer forbearance to hurricane victims.