loanDepot’s gain-on-sale margin dropped from 3.33% in the third quarter to 2.60% in the fourth quarter.

Demand for both purchase mortgages and refinances increased last week.

Chase was one of only three lenders among the top 10 to post a decline in non-agency jumbo production on an annual basis.

The online lender focuses on purchase mortgages.

Clawback activity peaked in 2023 in the wake of the refinance boom.

The February lull is a common seasonal occurrence.

Officials at Rocket suggested that the combined companies could greatly reduce costs for homebuyers.

“The government’s being run by great people, they’re going to do great things going forward,” said Mat Ishbia, chairman and CEO of United Wholesale Mortgage.

The Federal Reserve remains on track to cut the federal funds rate only one time this year, according to Mike Fratantoni, an executive vice president and chief economist at the Mortgage Bankers Association.

Originations of agency high-balance mortgages increased by 48.6% to $53.83 billion in 2024.