A report by Fitch Ratings forecasts a sharp drop in originations and declining GOS margins that will put pressure on earnings for smaller nonbank lenders.

Loan officers’ commissions decreased 17% year-over-year during the third quarter, driven by a hefty 37% drop in refinance commissions.

After settling OCC charges on how it manages subservicing risk, Cenlar faces the possibility some of its clients might bolt for the competition. But will they?

A consumer advocacy group with a high profile filed complaints against Movement Mortgage and Fairway Independent for lending violations under the Fair Housing Act.

Transitioning borrowers from COVID-related forbearance to a loan modification or other resolution entails time-consuming and detailed work, Federal Reserve Governor Michelle Bowman warned.

Complaints regarding loan closings declined at the fastest rate during the third quarter...

Brandon Filson, AOM’s chief financial officer, said the company has the potential to generate returns of roughly 12% to 15% from whole loans...

One non-QM executive said he’s beginning to see whole-loan prices soften “a little.”

Loan modifications played a big part in keeping the FHA program the top provider of Ginnie loans.

The Pontiac, MI-based lender is forecasting 4Q originations of $52.0 billion to $60.0 billion and a GOS of 85 to 105 bps.