Research published by AEI shows that, between 2014 and 2019, the average interest rate on jumbos was 29 bps lower than on agency loans.

Eight of the top 10 Ginnie servicers as of the end of September had smaller portfolios than at the midway point in the year.

Much of the third-quarter rebound came from securitization of mortgages on industrial properties.

Commissions earned by LOs were up 50% in 3Q20 from a year ago, with the average LO facilitating 51% more volume...

IPOs can be expensive and complicated, but debt offerings are more of a sure thing (for the right shop)...

Redwood locked $2.1 billion in mortgages during the third quarter but only acquired $176 million...

The FHA share of the insured agency market fell to 22.7%, down from 23.5% in the second quarter and 28.8% a year ago.

But the strong results are likely to cause some blowback. Come Dec. 1, their seller-servicers face a 50-basis point “adverse market” fee on most new refis. With Fannie and Freddie registering such strong profits — and with the forbearance picture continuing to improve — the rancor that lenders feel on the issue is likely to worsen.

Mr. Cooper, which ranks third among servicers, pinned the MSR shrinkage on prepayments as borrowers refinanced into loans offered by competitors...

The second and third quarters rank among the most profitable for the sector, though merger activity and changing mortgage strategies can make comparisons to prior periods tricky...