Revised accounting standards for credit losses; troubles mount at Blend; MISMO updates iLAD, considers eNote standards for commercial market; MBA redesigns website, highlighting reduced content.

With interest rates starting to rise, production income took a hit in the fourth quarter of 2021. While servicing income increased, the mortgage business was less profitable. (Includes data chart.)

With interest rate trends pushing the mortgage industry toward a down cycle, nonbanks reported a decline in fourth-quarter earnings. Margins remain a hot topic among the biggest players in the market. (Includes data chart.)

Finance of America had more than $1 billion of goodwill at the end of September. In the fourth quarter, the company determined its stock price was too low to recognize the benefit, prompting a massive loss.

Mortgage banking income among banks and thrifts declined by nearly 25% during the fourth quarter of 2021. JPMorgan Chase was not immune but managed to lead the pack for the full year. (Includes data chart.)

Rocket Mortgage, the big Kahuna of home finance, was not immune from higher interest rates in the fourth quarter. Still, the nonbank is rewarding shareholders with a special dividend of $1.01.

Among a group of 21 prominent banks that have reported earnings for the fourth quarter, nearly every institution took a hit on mortgage earnings. For many, originations declined along with margins.

It’s earnings season! The early results show a mixed mortgage bag for the megabanks. The mega-nonbanks start reporting later this month.

For a year, Guaranteed Rate stuck its toe in the broker channel. Now that the origination water has turned cold, it’s leaving.

Retail lending by depository institutions' mortgage-banking operations fell in the third quarter, but a major acquisition by one bank pushed other indicators higher.