Following the recent coordinated action by federal agencies against Cadence Bank for redlining, compliance attorneys have suggested now is not the time for mortgage companies to let their guard down.

A risk-based capital regime could be in the works for Fannie and Freddie, though some GSE watchers suggest the whole exercise could be in flux. Meanwhile, Wells Fargo has a new servicing chief, Ann Thorn from Caliber Home Loans.

However, year-to-date mortgage banking income was up 46.0% from the first six months of 2020.

At Caliber, Thorn served as chief loan administration officer and was responsible for all production and servicing tied to the nonbank’s four channels. During her career, she also has worked for megabanks Bank of America and JPMorgan Chase.

More specifically, FHFA recommends the enterprises focus on reducing racial disparities in acceptance rates generated by their automated underwriting systems...

And while repurchase activity still represents a small portion of Fannie and Freddie business, 2021 is shaping up as the biggest year for seller buybacks since 2014.

MBA, like many trade groups, was forced to cancel the in-person portion of all shows dating from the spring of 2020...

When all is said and done, the buyer could wind up with $2.12 billion worth of government product.

Stock options have to be “in the money” to execute and many of the six nonbank lender/servicers are trading below their initial IPO price…

In the broker segment, new hiring for the month improved by 3,200 heads to 124,800. Both the banker and broker readings represent 10-year highs and then some.