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Rocket Posts Lower 2Q Profits and Originations, but Forecasts Record Lending in ‘21

August 13, 2021
Paul Muolo
Overall, the Detroit-based company funded $83.8 billion in 2Q compared to $103.5 billion in 1Q...
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Angel Oak’s REIT Posts Lower Income in Second Quarter

August 13, 2021
Brandon Ivey
While Angel Oak issued a non-QM MBS during the second quarter, the REIT didn't participate in the securitization.
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Short Takes: Pipeline Protection? The GSEs? / A Wholesale Issue / Phoenix Capital Offers Bulk MSRs / A Loss for Impac

August 13, 2021
Paul Muolo, Brandon Ivey, and Dennis Hollier
JMP said it sounds like “these actions” by the GSEs “primarily targeted nonbank wholesale channel lenders, of which UWM [United Wholesale Mortgage] and HMPT are among the largest.”
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Private MI, FHA Market Shares Rebound in Second Quarter

August 12, 2021
John Bancroft
Credit losses at the private mortgage insurers fell 47.5% from 1Q21 to 2Q21...
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Better.com Says All Systems Go to Become a Public Company

August 12, 2021
Paul Muolo
It's a tough market for mortgage companies to go public, but Better.com is plowing ahead. Its founder is Vishal Garg.
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New Residential Joins the IPL MBS Bandwagon

August 12, 2021
Brandon Ivey
The bulk of the loans in the MBS were originated by New Residential's own lending unit, along with some from Caliber...
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A Slim 2Q Profit for Guild, A Loss for Finance of America

August 12, 2021
Paul Muolo
The "Big Kahuna" of mortgage banking, Rocket Companies, reports 2Q21 results after the stock market closes on Thursday...
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A Change for Fannie: GSE Will Include Rental Payments Made by Applicants

August 11, 2021
Dennis Hollier
Fannie CEO Hugh Frater described the change to DU as “one important step in correcting the housing inequities of the past,” adding that it will create a more inclusive mortgage credit evaluation process.
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Freddie Adds New Renovation Financing Option

August 11, 2021
CHOICEReno eXPress, on the other hand, is targeted toward borrowers who need to finance relatively minor renovations. In designated Duty to Serve high-needs areas, the total cost of the rehab can’t exceed 15% of the appraised home value. Otherwise, the limit is 10% of the home price.
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Variety of Expanded-Credit MBS Offered by Issuers

August 11, 2021
Brandon Ivey
Annaly packaged newer non-QMs, MFA's deal is stocked with loans that have seasoned for about a year and Velocity focused on investment properties/small balance commercial.
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Latest Imf News

  • Refis Drive Up Originations in Fourth Quarter

  • Pennymac’s Earnings Decline in 4Q With Competition for Refis

  • State Regulators Oppose OCC’s Proposal on Preemption

  • FHFA Adjusts Cap on GSEs’ Investment Portfolios

More Imf News

Featured Data

  • Ginnie Refi Issuance in 4Q Surges Closer to Pandemic Levels

  • Non-Agency MBS Issuance Jumps 61% in 2025

  • ABS Issuance Hits Record in 2025 Despite Late Decline

  • Private MI Business Stronger Than FHA in 4Q

More Featured Data

Featured Reports

  • IMF HMDA Dashboard: 2024

  • Top Mortgage Players: 3Q25 (PDF)

  • Lender Profiles 3Q25: Top 25 (PDF subscription)

  • Agency Channel Analysis: 3Q25 (PDF)

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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