Gain-on-sale is one of the most watched measurements of how a lender’s profitability is holding up. So far, GOS measurements at reporting companies have been a mixed bag.

Insured purchase-mortgage volume in agency MBS fell 9% in the fourth quarter.

The boost in refi business contrasted with lackluster performance in purchase mortgages.

The top three loan sellers to Fannie and Freddie in January: UWM, PennyMac Financial and Rocket Mortgage. Chase ranked fourth.

Earnings reports from 26 publicly traded banks show just over half reported gains in mortgage-banking income from 3Q to 4Q.

Chase and UWM led the way as the top contributors to non-agency MBS issued in 2024.

Mr. Cooper originated $9.3 billion of residential loans in the fourth quarter, a 37% sequential improvement.

Among the top 15 MBS issuers for the month: Planet Home, CMG Mortgage and Onity.

Mortgage firms issued $38.0 billion of Ginnie Mae MBS in January, the weakest showing since June of last year.

Mr. Cooper ended the year with an estimated $1.52 trillion in servicing volume.