What about Movement Mortgage as an IPO candidate?

Wells Fargo: “Home lending revenue [was] down 21% from 3Q20 on lower servicing income and MSR valuation adjustments reflecting higher prepayment.”

However, when it comes to mortgage gain-on-sale metrics, the news was less positive: 158 basis points in 4Q20 vs. 493 bps in 3Q20...

Margin compression could come at an inopportune time for nonbanks seeking to go public...

The spread between primary and secondary mortgages rates is tightening and when that happens...

On Friday, Black Knight released its weekly forbearance report, declaring that 5.2% of all mortgages were in some form of relief, a 92,000 unit decline for the seven-day period ending Jan. 5. The data analytics vendor said despite what looked like positive news, it cited a “troubling slowdown in the rate of improvement.”