The non-agency market hasn’t lived up to the hype, according to Mat Ishbia of United Wholesale Mortgage, which saw a drop in non-agency lending. The overall sector, meanwhile, saw higher production and gained market share in the second quarter.

Impac could be delisted; UWM offering HELOCS, including a piggyback option; Redwood “above average,” says Moody’s; CrossCountry launches bridge offering; Singapore-based lender offering jumbos in the U.S. with balances of up to $150 million for overseas investors.

Farner directly owns 3.87 million shares of Rocket’s common...

Bottom line: nonbanks would love to be members of the system...

The CFPB made inquiries regarding how customer service representatives are evaluated and compensated...

As part of the settlement, the Palmers did not admit to any wrongdoing...

Consolidation would save FHLB members money...

Some shops are reporting an improvement of sorts, but no one’s popping champagne.

The reason for the weak quarter: plunging originations and stiff competition...

Some industry vendors, such as Xactus, are trying to drum up business based on the policy change.