Most of the banking industry's decline in servicing for others was attributable to a $26 billion drop at Wells Fargo.

The industry increased profits on the production side of the aisle by pushing a higher volume of business through their platforms, reducing per-loan costs for personnel, occupancy and technology. (Includes data chart.)

The application of blockchain technology in asset securitizations is growing faster in China than in other parts of the world, with at least eight deals completed.

What’s so interesting about the Sterling disclosure is that it comes from a bank. For the most part, depositories have shied away from non-QMs unless it’s jumbo product made to wealthy individuals…

A new paper published by Harvard University found that VA lending is strongest in areas near major military installations. Another finding: VA lending as a share of all mortgages has increased faster in places with higher concentrations of veterans or active-duty personnel.

Tom Hutchens of Angel Oak: “We are getting deeper in our markets.”

A one-year-old mortgage startup in California decided to become fully owned by its employees. The concept is rare, but not necessarily new.

The forms of documentation allowed through Sterling's Advantage Loan program are more vulnerable to manipulation and misrepresentation than traditional documentation programs, according to Fitch.

The crux of the matter: “The agencies are aware that the use of certain alternative data may present no greater risks than data traditionally used in the credit evaluation process.”

The boost in securitization came despite headwinds from market dynamics…