Some lenders have allowed borrowers to use cryptocurrency to make downpayments or as part of the calculation of a borrower’s assets, but none appear to allow monthly mortgage payments with bitcoin yet.

The abandonment rate on calls to servicers jumped to 5.0% from 3.6% the week prior...

Overall, the Detroit-based company funded $83.8 billion in 2Q compared to $103.5 billion in 1Q...

JMP said it sounds like “these actions” by the GSEs “primarily targeted nonbank wholesale channel lenders, of which UWM [United Wholesale Mortgage] and HMPT are among the largest.”

The "Big Kahuna" of mortgage banking, Rocket Companies, reports 2Q21 results after the stock market closes on Thursday...

The agency noted, “A few servicers were outliers, reporting relatively higher average time to answer and abandonment rates.”

Overall, Wells Fargo continued to post the biggest earnings of the group...

The mostly wholesale originator (71.8% of production) funded $25.5 million in loans during the April-to-June period, down 13.5% sequentially.

Black Knight: “While some borrowers will elect to leave forbearance early between now and their final expiration, servicers are still facing significant operational challenges"...

Another record reading for mortgage employment? Looks that way...