At issue: the freedom of loan brokers under UWM's operating contract...

The slope also remained slippery for home-equity debt outstanding. The Federal Reserve reported $441.6 billion of home-equity loans outstanding at the end of 2020, an 11.9% drop from the previous year.

Fannie and Freddie are earning a ton of money. But that isn't the problem...

The company added: “We cannot predict the continued impact of an increased interest rate environment on our originations or gain-on-sale margins. Further, there is no assurance that these preliminary results will be indicative of our final results for the three months ended March 31, 2021 or in any future period.”

Guild, a newly public company, ranked 22nd among all lenders in 2020.

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

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