HomeStreet funded $1.61 billion of new originations in the first quarter of 2015, a 21 percent improvement from the previous quarter.

Quicken made news earlier in the year when it heavily promoted to loan brokers a 60-hour LPMI “sale” committing coverage for $100 million in originations.

The megabanks still report broker production in their loan sales figures, but most of the activity involves seasoned loans.

More than half of Flagstar's servicing portfolio consists of subservicing contracts.

The bid deadline is May 12 and according to Prestwick, the seller wants to “start deliveries as soon as possible.”

Mortgage servicers will be subject to stronger quarterly reporting requirements, including tougher penalties for non-compliance.

Company CEO Mat Ishbia also believes that the loan broker channel is beginning to gain market share, a sentiment borne out by others in the industry.

Could another former subprime mortgage executive be reentering the game?

Many lenders reported the pleasant confluence of rising origination volume and stronger gain-on-sale margins.

Underwriting overlays established by lenders also will limit some potential borrowers from purchasing homes in the coming years.