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...
On Friday, Black Knight Financial released its forbearance tally, saying cases declined by 11,000 units for the seven-day period, ending October 20. Roughly, three million mortgagors remain in active COVID-related relief programs, the analytics firm noted.
“While 2003 was a bigger overall mortgage year than 2020 will be, the GSE portion of the market is larger and will likely push this into the biggest year for Fannie and Freddie ever,” said Dave Stevens, the former FHA commissioner.
After pulling back from correspondent lending during 2Q20 amid market volatility, New Residential sharply increased its loan purchases in the third quarter...
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.
In 3Q20, Quicken Loans was the origination king at roughly $84 billion, followed by Wells Fargo ($62 billion) and United Wholesale Mortgage ($54 billion).
RSS