Credit unions hold the servicing rights to mortgages they originated but cannot buy MSR contracts in the secondary market…

Relatively stable pricing and fairly healthy returns are giving mortgage reinsurers hope for a more robust market, according to a new analysis from Standard & Poor’s. Reinsurers seeking respite from a deteriorating property casualty reinsurance sector have found mortgage reinsurance a promising business diversification and source of growth – at least for now, said the rating service. However, reinsurers coming late to the feast might find...

The weighted average servicing fee is 34 basis points, the delinquency ratio 3.13 percent.

Dan Hanson, a top production manager for number-one ranked lender Wells Fargo, has jumped ship for loanDepot...

In the last 12 months the foreclosure inventory has been depleted by more than 150,000 homes, a 28 percent drop.

Commercial banks and savings institutions saw a modest improvement in profits earned on mortgage-banking activities during the second quarter, according to a new Inside Mortgage Trends analysis of call report data. In aggregate, banks and thrifts earned $3.72 billion from mortgage banking during the second quarter, a 4.4 percent increase from the first three months of the year. Year-to-date, industry mortgage-banking income was running ... [Includes one data chart]

For a firm that’s only been involved in the mortgage industry for a year, Eli Global has already bought a stake in two lending companies, inched its way into the warehouse lending arena – and become a plaintiff in a messy lawsuit that accuses a veteran mortgage banker of fraud. So far – except for the lawsuit filed by Eli Global affiliate CapLoc – the Durham, NC-based financial services company has kept a low profile while turning down repeated requests for interviews ...

Are loan officers headed for extinction? There certainly will be much less of a market for them in the future if the new online platform, No Originating Loan Officer, being rolled out by 360 Mortgage Group, a privately-owned mortgage banking firm based in Austin, TX, takes hold across the industry. On the other hand, fewer humans in the mortgage lending mix may mean fewer opportunities for errors, cutting compliance corners or engaging in steering and other discriminatory practices that ...

Home-price depreciation was a greater driver of mortgage defaults during the financial crisis than unemployment, according to an analysis by S&P Global Ratings. The findings are counterintuitive because many borrowers continued to make mortgage payments when they experienced negative equity while the lack of employment can make it difficult to keep up with a mortgage. S&P studied loan-level data from the government-sponsored enterprises for mortgages ...

The end of a long-term decline in interest rates will trigger a resurgence of the second-lien market and alter the mortgage market in other areas as well, according to a working paper published by the Urban Institute. How much mortgage rates will rise is unclear, but the 35-year secular decline in interest rates is over, author Laurie Goodman maintained in her preliminary study, “The Impact of Higher Interest Rates on the Mortgage Market.” Goodman, co-director of UI’s Housing Finance ...