After achieving profitability in the third quarter, loanDepot returned to the red in the fourth quarter. And the CEO brought on to turn the nonbank’s fortunes around three years ago is departing, with company founder Anthony Hsieh taking a larger role.

The growth is expected to be driven by a few repeat issuers. Only three credit unions were repeat issuers in 2024.

Recurring revenue loans are primarily underwritten based on the borrower’s annual recurring revenue rather than on loan cash flows. RRL ABS issuance is expected to reach $14.3 billion this year.

Rocket Mortgage believes the $1.75 billion acquisition will boost its purchase origination volume and lower the cost of customer acquisitions. It will also add new data to Rocket’s artificial intelligence algorithm.

A Fannie Mae index that measures housing sentiment declined on an annual basis in February, marking the first annual decline in housing sentiment since 2023.

Nonprime servicing volume among companies in the analysis has increased every quarter since 2020.

The AG claims HEIs are comparable to reverse mortgages and should be regulated as such.

Chase was one of only three lenders among the top 10 to post a decline in non-agency jumbo production on an annual basis.

“I think that the bid for the whole loan itself and the ability to have a lot more control and cherry pick what you want on your balance sheet has been very strong,” an executive at a major life insurance company said.

Jumbo originations increased by more than double digits from the third to the fourth quarter of 2024. On an annual basis, the jumbo share of total originations held steady. (Includes data table.)