Never in the annals of mortgage banking has one nonbank ever put together a half-year where net profits landed north of $5.25 billion. Note: Quicken’s gain-on-sale margin for 4Q20 was calculated at 441 basis points compared to 578 bps in 3Q20.

New clarifications in Fannie's selling guide may cause some second homes and investment properties to be miscategorized as short-term rentals.

A former Goldman Sachs executive, Nichols is now co-head of Pretium’s residential credit business and executive board chair of Deephaven.

According to Inside Mortgage Finance, some of the GOS declines suffered by individual shops have been steep, to say the least.

Michael Nierenberg of New Residential Investment Corp. expects non-QM lending to be a bigger part of the firm's business going forward...

Of course, just because the 10-year moves that doesn’t mean mortgage rates will follow in lockstep.

State regulators plan to launch a "one company, one exam" pilot for nonbank mortgage companies and issue standards for servicers...

The bottomline: The current QM standards, including the GSE patch, will remain in effect.

Mr. Cooper originated $24.5 billion of mortgages, a handsome 56.2% improvement from 3Q20.

MFA Financial took a large loss in 2020. Overall, the company didn't acquire many non-QMs during the fourth quarter...