While traditional non-agency jumbo lending lagged the overall market, the conforming-jumbo business was cracking. Fannie Mae, Freddie Mac and Ginnie Mae securitized $51.15 billion of single-family loans above last year’s $484,350 limit for one-unit properties.

The top two agency MBS issuers in February? Answer: Nonbanks Quicken Loans and PennyMac…

But there’s also a dark side to the rate plunge: The servicing side of the mortgage business is looking at mark-to-market bloodbaths that could be the norm if rates don’t snap back by the end of the current quarter.

According to Anthony Hsieh, founder and CEO of top-10 lender loanDepot, the mortgage industry might want to ponder creating a “reservation” system for incoming applicants.

“Mortgage originators are looking at record earnings for the first quarter,” said Chuck Klein, managing director of Mortgage Banking Solutions, Austin, TX, a consulting firm engaged in warehouse reviews and M&A activity.

Suddenly, lenders are talking about capacity issues...

According to IMF's 4Q19 ranking, JPMorgan Chase was the commitment volume leader with an estimated $19.0 billion of approved lines to nonbanks…

According to industry consultant Joe Garrett, the typical residential mortgage company sale of the past few years has been an asset sale with a three-year earn-out.

For the year banks and thrifts earned $13.54 billion from mortgage banking, a 14.2% decline from 2018.

Officials at Redwood noted that gross margins on the issuance of mortgage-backed securities and whole loan sales improved as well.