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.

The GSEs have provided multifamily financing for more than two decades, but their dwindling role has some worried that it has adverse effects on the underserved and low-income segment of the multifamily market. Although the Federal Housing Finance Agency said it is working to slow the decline, an April brief by the Urban Institute pointed out that with the increasing demand and costs of renting, the agency may need to do more in maintaining or increasing the GSE role in multifamily. In the past 25 years, the dollar volume of GSE multifamily financing has grown from $4.5 billion in 1990 to more than $57 billion at the end of 2014. But recent declines show that Fannie’s and Freddie’s