The sudden dominance of nonbanks in mortgage banking profits was due to Rocket Companies, parent of Quicken Loans...

Even non-agency MBS had a strong month, with daily trades averaging $3.5 billion, a sequential monthly improvement of 20.6%.

Overall, the FHLB profit picture was somewhat worse in the fourth quarter. Their combined net income fell to $657 million, down 20.4% from the third quarter...

However, the size of the investments in Rent Butter and Rent Room were not disclosed...

Government-mandated forbearance paid off for Chase...

Investment bankers like Mark Garland of SitusAMC believe that by the third quarter bulk MSR sales could be on a roll...

Executive-wise, Fannie has taken a bigger hit than Freddie...

Earlier this month, the SBC deadlocked on the Chopra CFPB nomination with a 12-12 partisan vote.

The Federal Reserve reported that single-family mortgage debt outstanding rose 4.3% in 2020 to $11.666 trillion. Of that total, $8.104 trillion, or 69.4%, was committed to mortgage securities.

As one mortgage market consultant quipped: “It’s sort of like watching the Hatfields and the McCoys.”