The "Big Kahuna" of mortgage banking, Rocket Companies, reports 2Q21 results after the stock market closes on Thursday...

The mortgage-SPAC tally: Two done, one in queue.

Layoffs can be good news for lenders looking for an employment bargain. In particular, non-agency shops are looking to hire.

To finance the new acquisitions, the Dallas-based company will be turning to the capital markets, where it’s been busy converting existing higher rate (3.5%) paper into common and selling new debt instruments at cheaper rates, 2.82%...

The mostly wholesale originator (71.8% of production) funded $25.5 million in loans during the April-to-June period, down 13.5% sequentially.

Wholesale profit margins can suffer greatly compared to retail. Stiff competition doesn't help...

Another record reading for mortgage employment? Looks that way...

Commercial banks could, once again, become big players in the GNMA MSR market but few find that likely...

Coming soon: a cut in commissions?

Servicing sales’ worst enemy: declining interest rates. Bulk transactions are weak while flow deals hold steady.