Section 184 home loans are specifically allocated to Native Americans who are purchasing property on tribal land trusts.

loanDepot's stock jumped more than 50% on its first day of trading after the nonbank downsized its IPO.

FHFA extended various origination flexibilities related to GSE mortgages through the end of March.

The decline was largely tied to income from investments while Redwood's lending units are generating returns above 20%.

In January, loanDepot had plans to raise upwards of $362 million via an IPO. On Feb. 11, the offering priced with a reduced share price and fewer shares, generating $54 million.

At Freddie Mac alone, 62 sellers topped the $1.5 billion marker for cash sales in 2020.

“Homeowners will be much more amenable to listing their houses this spring,” according to Mike Fratantoni, chief economist at the Mortgage Bankers Association.

Mortgage applications fell by 4%, with declines in requests for both refinances and purchase mortgages.

Ocwen Financial took another loss in the fourth quarter of 2020. The nonbank also received a cash infusion from Oaktree Capital Management with plans to grow.