While nonbanks ranking among the top-100 lenders boosted production by 3.2% in the first quarter, depository institutions posted a 7.9% drop. (Includes two data charts.)
Subservicing contracts continue to proliferate. The bad news? These vendors worry about an onslaught of COVID-related work and oversight. (Includes data chart.)
The origination boom had to end sometime, but don’t reach for the hankies quite yet. Applications remain strong and no one’s going out of business, or so we’re told.
Mortgage performance improved, thanks to a healing economy and federal stimulus. Still, delinquencies and forbearance rates remain high. (Includes data chart.)
Seven depository bellwethers have released mortgage origination figures for 1Q21. Overall, production increased from the fourth quarter but the devil is in the details.