UWM was the top originator of purchase loans for the first nine months of 2023, while Rocket held the lead in refinance lending. The FHA saw a rising share of purchase loans sold to the agencies in the third quarter. (Includes four data tables.)

These are humbling times for warehouse firms that finance nonbanks. Commitments are down overall, as are usage rates. Also, it appears that Truist is having second thoughts about lending money to smaller nonbanks. (Includes data table.)

Banks need to use stochastic events to better prepare for the long-term impact of climate change, according to a CoreLogic analyst.

Delinquencies in the 30-60-day bucket are increasing in line with trends in unemployment. Foreclosures remain limited though there are concerns about borrowers with low levels of built-up equity. (Includes data table.)

The GSEs saw an uptick in uninsured mortgage business from the second to the third quarter, while FHA purchase and refi volume surged. (Includes three data tables.)

Mortgage performance could soon turn a corner, according to Black Knight.

The business of subservicing loans for others continued apace in the second quarter with modest growth. The good news: Delinquencies are low but some lenders that source the loans are going bust. (Includes data chart.)

When it comes to net revenue, MBA had a strong showing in fiscal 2022. But the trade group remains worried about what industry consolidation might do to its numbers going forward.

The severe correction in residential originations is causing turmoil. Not only are nonbanks closing their doors or consolidating, but so too are the warehouse funders that lend them cash. (Includes data chart.)

Early-stage delinquencies increased at large servicers during the second quarter of 2023. Servicers anticipate further declines in loan performance. (Includes data chart.)