MBA's Mike Fratantoni: “For the second week in a row, the share of loans in forbearance has increased, driven by a rise in new forbearance requests..."

Production in the sector is heavily dependent on demand by investors in the secondary market...

“Applications are staying strong,” said Paul Rozo, CEO of Paramount Residential Mortgage Group, Corona, CA. “Rate-locks have been smoking leading up to the election and post-election as well, which is nice.”

In the third quarter Impac posted net earnings of $1.6 million compared to a loss of $22.8 million in 2Q20...

The top-five retail mortgage lenders year-to-date: Quicken, Wells Fargo, Chase, Freedom Mortgage and BofA...

In these high-cost areas, the maximum GSE loan limit bumps up to 150% of the base limit, or $822,375.

Before the pandemic struck, a consumer would start shopping 180 days before closing on a mortgage...

The industry-wide servicing-for-others total was down $99.41 billion from June, a 3.0% quarterly decline. With a handful of exceptions, the banking sector has reported quarterly declines in SFO since the end of 2009.

The big question for the industry: Once production finally slows next year, will lenders trim retail and opt to use brokers since the latter only get paid if the loan closes?

Meanwhile, over at Fannie Mae, repurchases fell 19.7% to just $12.7 million.