The correspondent channel has continued to gain market share of jumbo mortgages as production of such loans has shifted to purchase financing, according to a new analysis by Inside Nonconforming Markets. Correspondents accounted for 21.7 percent of third-quarter jumbo mortgages originated by lenders that report data to Inside Mortgage Finance. The sector’s market share has increased for three consecutive quarters. Correspondents accounted... [Includes one data chart]

Mortgage recruiter Rick Glass: "Expenses are simply out of alignment. Many shops are telling me they have no more room."

President Trump nominated Kraninger in June…

“We’ve seen a number of new CIDs issued by the CFPB,” said Ben Olson, a partner at Buckley Sandler.

However, average debt-to-income ratios were all over the map…

Protecting the FHA Mutual Mortgage Insurance Fund, affordable housing and information-technology modernization are among the Department of Housing and Urban Development’s top chal-lenges in 2019 and beyond, according to a report from HUD’s inspector general.

Appraisers, for obvious reasons, are against raising the appraisal threshold for residential real es-tate transactions, but several industry lenders have come out in favor of the proposal.

The Mortgage Bankers Association is asking regulators to postpone the implementation of a new accounting standard that requires upfront recognition of credit losses using long-term economic fore-casts but doesn’t allow upfront recognition of future revenues associated with a loan.

With loan production waning and profit margins thinning, investment bankers and warehouse ex-ecutives far and wide have been expecting a tsunami of mortgage-related mergers and acquisitions to sweep the industry. If there’s a big wave, it’s still out at sea.

Ellie Mae is migrating its infrastructure to Amazon’s cloud platform in order to refocus its man-power and capital on innovation in mortgage lending instead of database management.