Piper Sandler on loanDepot: "In our view, the stock is pricing-in a very long downturn in the mortgage market"...

For the full year, the wholesale channel accounted for 15.0% of originations, correspondent 21.6%...

Based on trends from prior years, roughly $25.0 billion of mortgages above the 2021 conforming loan limit would have been expected to be delivered to Fannie and Freddie in January...

Roughly 85% of the loans are 30-year FRMs...

At one point, Selitto was Better's president, a title now held on an interim basis by CFO Kevin Ryan.

The year-over-year drop in production was almost across the board, with nearly 80% of the top 100 sellers showing declines in January...

As one veteran manager characterized it: “It is what it is.”

Mortgage banking firms were the largest part of the sample with 104 institutions.

The “A” bond on the securitization pays investors 4.5%...

Black Knight: "The decline in serious delinquencies has been slower than might be expected given the large number of borrowers who have exited forbearance"...