Gone are the days when BofA, Wells Fargo and JPMorgan Chase dominated residential finance landscape...

The prime jumbo space saw the strongest rebound, with new issuance jumping 168.1% from the second to the third quarter.

The Charlotte-based regional reported residential mortgage income of $221.0 million compared to $341.0 million in 2Q20. The reason: a large markdown on the value of its servicing portfolio.

While the supply of VA loans in Ginnie MBS continued to grow during the third quarter, the volume of securitized FHA forward mortgages fell 2.7% from the end of June.

Most loans are removed from Ginnie pools because the borrower paid off the loan. Then there's the matter of EBOs...

While production was up in the third quarter, U.S. Bank's mortgage banking revenue actually declined...

However, compared to Bank of America, Wells looked like a rock star. BofA produced just $13.4 billion of residential loans in the July-to-September period, an ugly 42.4% drop from the second quarter...

Finance of America ranked 27th among all lenders in the first half of 2020. The firm projects $293 million in net income for the year.

This morning, on the heels of JPM’s results, nonbank United Wholesale Mortgage, reported third quarter originations of $54.2 billion, a sequential gain of 31.8%. UWM also disclosed period earnings of $1.5 billion, a record for the soon-to-be-public company.

The reason for the decline: Many borrowers saw their forbearance plans expire because they did not contact their servicer. At least, that’s what MBA concluded.