As nonbanks go, so too goes the warehouse lending sector. Enough said on that score. The second quarter brought additional deterioration in commitment levels. (Includes data chart.)

Treasury and FHFA motions for dismissal could be the last gasp in the most prominent shareholder lawsuit challenging the net worth sweep.

Some analysts predict the FOMC will hike rates more than 100 bps at its meeting next week.

The mortgage industry is questioning whether today’s market supports multi-million-dollar signing bonuses for top-performing loan officers.

The fintech that promised to smooth out borrowers’ home transitions with cash offers and “sell before you buy” financing has shut shop, citing market conditions and difficulty raising capital.

The top 22 executives at the nation’s publicly traded nonbanks earned a stunning $268 million in 2020, only to see that number get hammered last year, according to an analysis by IMF.

Mortgage lenders are trying to cut costs as quickly as possible as originations evaporate. Only so many companies can survive a much smaller market, turning the business into a game of musical chairs.

The Federal Housing Finance Agency’s analysis of the Federal Home Loan Bank system includes a review of eligibility requirements for membership.

Big banks boosted their appetite for jumbo mortgages in the past decade thanks to regulatory changes following the 2008 financial crisis, according to a new finding from the Federal Reserve Bank of New York.

The mortgage giant will assess lender quality control by comparing the defect rates reported by lenders with its own data on the same loans.