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...

United Wholesale Mortgage remained the top seller of broker loans with $41.07 billion during the second quarter, a 2.5% drop from 1Q21.

The two GSEs securitized $98.14 billion of refi loans in July, the lowest monthly volume since March of last year, when the Federal Reserve sparked a massive refi market by pushing interest rates to record lows.

It's hard out there for a publicly traded mortgage company, especially for the recent IPO class...

The appeal of owning MSRs seems to be lost on commercial banks. Will the trend line ever change?