“The refi boom has not fully materialized, but we have seen a preview of it and were able to capitalize on it instantly while others were caught flat footed,” Mat Ishbia, chairman and CEO of UWM, said Thursday during the lender’s earnings call.

Some $30.44 billion of multifamily loans went into commercial MBS issuance in the third quarter, a 46.1% increase from the second quarter.

Fannie Mae and Freddie Mac had $182.3 billion in mortgage holdings (measuring mortgage-backed securities and loans) at the end of the third quarter.

Complaints about credit reporting dominated submissions to the CFPB and they more than doubled on an annual basis through the first three quarters of this year.

At some shops, mortgage bankers are trying to do more with less, aided by technology.

Fifteen banks tracked by Inside Mortgage Trends said their mortgage-banking income declined from the second to the third quarter.

Mr. Cooper and other nonbanks are growing through a mix of in-house originations and acquisitions, with an emphasis on the latter.

FHA delinquencies haven't been this high since the early days of COVID.

One advisor, requesting anonymity, said he had a couple of clients who took “double-digit” markdowns.

Is there a connection between interest rates and deficits? There is for subprime borrowers...