The mortgage industry has seen this movie before...

The Prestwick offering has collateral is located in 30 states, with Texas and Arkansas homes leading the pack. Bids are due Sept. 8.

UWM’s gain-on-sale margin for 2Q21 totaled 81 basis points compared to 243 bps in the year-ago period.

Delinquencies declined again in July, though 1.45 million borrowers are 90+ days delinquent. Mortgage employment increased in June as interest rates remained low.

Sick of hearing about the ramifications of lower gain-on-sale margins? Okay, but declining GOS likely will play a role in the M&A market.

Overall, the Detroit-based company funded $83.8 billion in 2Q compared to $103.5 billion in 1Q...

JMP said it sounds like “these actions” by the GSEs “primarily targeted nonbank wholesale channel lenders, of which UWM [United Wholesale Mortgage] and HMPT are among the largest.”

Commentators seem to agree that stronger capital positions are good for the Ginnie Mae business in general, but getting there is the hard part.

Will prepayment speeds on agency product continue to decline? No one knows for certain, but the UMBS 2.5 is waiting in the wings to be the new kid in town.

It's a tough market for mortgage companies to go public, but Better.com is plowing ahead. Its founder is Vishal Garg.