Fun fact: 71% of homes were on the market for less than one month.

Among the top 10 lenders for the first nine months, six were nonbanks and four were federally insured depositories. However, the number-10 ranked Bank of America is in danger of being overtaken by Guaranteed Rate.

All totaled, McCarthy will take home $97.5 million today compared to $161.5 million, the high end of the range published last Thursday...

In 3Q20, Quicken Loans was the origination king at roughly $84 billion, followed by Wells Fargo ($62 billion) and United Wholesale Mortgage ($54 billion).

The bank increased originations of conventional loans and jumbos while reducing its government-insured production.

Commenting on the stubbornly high Ginnie measurement, MBA's Fratantoni noted it shows that recovery is not uniform “and that many are still struggling to gain their footing.”

A former aide to Sen. Walter Mondale, Johnson – operating the company in the wake of the nation’s savings and loan crisis – recognized early on that Fannie’s future would hinge on conducting more business with  nonbank lenders...

Of those surveyed, 25% of lenders said they increased their use of overtime pay...

It was the highest three-month production reading in the program’s history, continuing a run in which the past five quarters represented the five highest Ginnie totals ever.

In a recent S-1 statement filed with the SEC, McCarthy Capital Mortgage Investors was cited as holding 100% of Guild’s Class-B common. Once the IPO is completed, McCarthy will have sway over 94.8% of the combined voting power of the common.