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.

Bank call-report data show a huge drop in mortgage banking income from the first to the second quarter, but several top banks reported big gains. (Includes data chart.)

When an industry thrives, its chief trade organization usually thrives as well. But not in FY20, when COVID-19 and accounting entries from the year before nicked MBA’s bottom line.