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.

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.”

The IAC said the SEC chose to make the reports confidential, despite the fact that the authorizing legislation didn’t require it.

“More than 11% of borrowers in forbearance have now exceeded the 12-month mark,” said Mike Fratantoni, MBA’s SVP and chief economist. “We anticipate that servicers will be busy over the next month"...

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

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...

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.