In the first quarter, PennyMac ranked fourth among all home lenders, trailing Wells Fargo, Chase Home Finance and Quicken, according to a ranking from Inside Mortgage Finance.

Lenders cited various technology issues, costs and difficulties getting loan officers to change behavior as barriers to digitizing the mortgage process.

Agency MBS data suggest the purchase market hit its low spot in January and has been slowing building momentum ever since…

Larry Charbonneau, who conducts warehouse lending reviews for commercial banks, said usage rates are definitely improving this spring.

Roughly 10.8 percent of the mortgages were sourced through the Federal Home Loan Banks’ Mortgage Partnership Finance program.

“Even with optimal outcomes agreed by all parties in a typical three- to five-year contract, public and private company CEOs find themselves constantly under the ‘results’ microscope," said consultant Paul Hindman.

In the lawsuit, Ocwen admitted that it had stopped paying some of the invoices sent to it by FIS because of what it called “improper and non-compliant billing practices…

Commenting on the latest revelation from Walter, Keefe, Bruyette & Woods said, “Given the lack of visibility, we maintain our underperform rating and $1 price target.”

The GSE patch expires either in January 2021, seven years after the effective date of the ATR rule, or when the GSEs are taken out of conservatorship, whichever comes first…

AIG buys jumbos servicing-released with Cenlar acting as the subservicer.