A sudden turn-around on the application front...

The bank increased its mortgage originations by 26% quarter-over-quarter.

Up next: some soul-crushing hits to gain-on-sale?

At the other end of the spectrum, deliveries of refi loans with credit scores of 740 or higher fell 20.1% from the first to the second quarter...

Tomo was founded by two former Zillow executives with a sole focus on purchase mortgages. Meanwhile, three-year-old Lower recently completed a $100 million Series A funding round.

The regulator released additional data collected from the survey of 5% of new mortgage borrowers each quarter. The data covers originations through the third quarter of 2020.

A few more mortgage IPOs could hit the stock roulette wheel by yearend. The reason: another potential reprieve on rates.

CFBank said the decision to wind down its DTC business resulted from changing market conditions in 2021...

The hope is that the non-agency market will now be on closer to equal footing with the GSEs in terms of compliance burdens relating to the CFPB...

The end of the QM patch — thanks to a maneuver by the FHFA and Treasury — could help the non-agency market compete with the GSEs.