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Inside Mortgage Trends

December 4, 2020

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Production Income Rises in 3Q20, Servicing Improves

Wells Fargo accounted for most of the improvement in servicing profits among a group of 14 public companies. Earnings from origination and secondary marketing remained sky-high. (Includes data chart.) Read More

Guild, Finance of America Post Strong Profits

The newly public mortgage lender, Guild, reported $182.1 million in net income for the third quarter while the soon-to-be listed Finance of America posted net earnings of $241.6 million. Read More

Banks Report Bonanza in Mortgage Banking Income

The top three banks reported a combined $2.3 billion in mortgage banking income for the third quarter of 2020, up $1.3 billion from the prior period. (Includes data chart.) Read More

Congress Needs a Plan to Confront Foreclosures

Immediate actions by lawmakers is essential to prevent a national foreclosure crisis early next year, consumer groups believe. In a new Census Bureau survey, more than a third of the respondents said they may face foreclosure or eviction in the next two months. Read More

Genworth-Oceanwide Merger Now Set for Dec. 31

The new deadline will allow Oceanwide to move forward with other regulatory measures needed to close the transaction after it was re-approved by the National Development and Reform Commission in China. Read More

Fintech Lenders Face Risks from Faulty Underwriting Models

The traditional models used to predict consumer credit performance and newer machine learning methods can be extremely inaccurate, according to a new report. Read More

Grapevine: Exactly How Much? / Crystal Ball Time

Time to start thinking about 2021? Sure, but lenders are plenty busy these days. The fourth quarter could be a barn-burner, just like 3Q20. Read More

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