| Inside Mortgage Finance

Nonbanks Post Big Gain in Mortgage Banking Income

PennyMac continued to lead nonbanks in profitability, generating a hefty $475.7 million in net income on its mortgage banking operations for the second quarter. Mr Cooper bounced back from a first-quarter loss while New Residential made strides toward recovery. (Includes data chart.) Read More

Retail the Biggest Winner in 2Q Surge in Agency Business

Correspondent production accounted for just 25% of loans sold to Fannie Mae, Freddie Mac and Ginnie Mae during the second quarter, down from 37.0% in the previous period. (Includes two data charts.) Read More

Rocket Files its First 8-K, Revealing a New Large Loan

Quicken Loans’ parent, Rocket, has revealed a $950 million revolving credit facility, with Chase serving as the administrative agent on the deal. Read More

Mortgage Hiring: Demand for Operations Workers White Hot

Mortgage originations continue to boom as lenders move to hire as many full-timers as humanly possible. One concern: A lack of operations workers. Read More

Foreign Buying of U.S. Real Estate Down for Second Straight Year

Chinese buyers led the decline in foreign purchases of U.S. residential properties for the year ending March 31, according to NAR. Read More

Pandemic Hinders Growth in Home Equity Lending

Despite holding sizable equity, homeowners are reluctant to tap it due to concerns tied to the pandemic, according to the MBA. Read More

COVID Exposes Vulnerability of Black-Owned Banks

In 2008, there were 49 depositories with at least 51% Black ownership. By the first quarter of 2020, that number had fallen to just 21. Read More

Industry Relying on Vendors to Process Relief Requests

With regulations constantly changing and a new relief package in the offing, lenders are increasingly falling back on workflow automation vendors. Read More

TTAB Says Guaranteed Rate Cannot Trademark its Name

The Trademark Trial and Appeal Board ruled that “Guaranteed Rate” is “incapable of functioning” as a standalone mark. Read More

Inside Mortgage Trends

August 14, 2020

View Archived Issues

Nonbanks Post Big Gain in Mortgage Banking Income

Retail the Biggest Winner in 2Q Surge in Agency Business

Rocket Files its First 8-K, Revealing a New Large Loan

Mortgage Hiring: Demand for Operations Workers White Hot

Foreign Buying of U.S. Real Estate Down for Second Straight Year

Pandemic Hinders Growth in Home Equity Lending

COVID Exposes Vulnerability of Black-Owned Banks

Industry Relying on Vendors to Process Relief Requests

TTAB Says Guaranteed Rate Cannot Trademark its Name

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Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

Inside Mortgage Trends

August 14, 2020

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?