Servicing sales remain brisk but there’s been a deal slowdown of late and more discriminate buyers. Meanwhile, new Ginnie Mae capital rules could rock the boat further.

Wells Fargo isn’t trying to be the largest player in the mortgage market. Instead, the bank plans to focus on wealthy borrowers and customers that already have a relationship with the bank.

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.