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The mortgage industry is still in the midst of consolidating as acquisitions and mergers continue to take place.

For the full year, Fannie Mae reported net income of $22.2 billion, an 88% increase from $11.8 billion for all of 2020.

Revolution Mortgage is expanding its footprint in the Texas market with a new location in Spring, TX.

Kroll Bond Rating Agency assigned preliminary ratings to 46 classes of mortgage pass-through certificates from RCKT Mortgage Trust 2022-2.

Heidi Mason, former Wells Fargo exec, succeeds Jerry Weiss, who has served as interim general counsel since March 2021. 

In January, overall rate locks were up 9.5% from December, driven by a 19.9% and 9.2% increase in purchase loans and cash-out locks, respectively. 

The percentage of California home buyers who could afford to purchase a median-priced, single-family home inched up 1% from the third quarter to the fourth quarter of 2021.

The year-end report ranks servicers' volumes as of Dec. 31, 2021.

Home Point Financial Corporation, a mortgage originator and servicer, announced an agreement with ServiceMac, LLC to handle Homepoint's servicing operations.

Shelley Duffy, an experienced business development leader, previously held similar positions with Computershare Loan Services and Radian.