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.

High hopes for nonbank origination results; a trade group chief steps down for personal remarks he made online.

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

The nonbank took a large loss in the first quarter and halted production. Officials at the firm are now betting on originating GSE-eligible mortgages through call centers to return to profitability in the third quarter.

The financial turmoil caused by the coronavirus pandemic has prompted many seniors to consider, for the first time, a reverse mortgage.

The first quarter of 2020 marked the lowest bank earnings on mortgage banking activity since the financial crisis. A big part of the decline came from steep losses at Fifth Third and Bank of America. (Includes data chart.)

Hefty MSR hedging losses crushed profits on mortgage servicing in the first quarter, but mortgage bankers ended the period in better financial shape than they started it. (Includes data chart.)

After a planned merger between Amherst Residential and Front Yard Residential fell through, the head of Altisource Portfolio Solutions expressed his displeasure with Front Yard’s board.

Lenders are making money hand over fist thanks to low interest rates and the ability to complete refis while working from home.

Nonbank mortgage giant Quicken is contemplating an IPO. Okay, but who else? How about: Caliber and loanDepot.