In 1Q21, the San Francisco-based SoFi originated $735.6 million of mortgages, accounting for 28.9% of total loans produced.

Much of the improvement came from three large nonbank servicers: Rocket Companies, Mr. Cooper Group and New Residential Investment...

But as always in the mortgage business, it’s not a matter of where you’ve been but where you’re going...

Rate-term transactions, the bread-and-butter of the refi market, declined 33.6% in May. GSE purchases of cash-out refinances fell 18.1% from April.

Need more workers to staff your shop? You're not alone...

However, the group did post a 1.9% increase in its investment of non-agency MBS, boosting aggregate holdings to $7.07 billion.

All things equal, "agency" jumbo volume might be expected to grow when loan limits are raised.

Roughly 14.1% of borrowers who applied for an FHA-insured purchase loan were turned down last year, compared to 12.4% in 2019.

The renewed emphasis on the correspondent channel was widespread, with nearly every lender in the group increasing originations on a sequential basis.

A slowdown in refinance activity was responsible for the May swoon.