Silvergate Bank has been in the news because of its crypto-finance-related business. But the depository is now in the process of trying to quietly pull out of warehouse lending. What’s going on? The bank isn’t talking.

Most subservicing specialists have experienced tepid growth the past few quarters. The reason? A red-hot bulk sales market is one possibility. Meanwhile, a few top-ranked vendors are about to have new owners. (Includes data chart.)

Fannie and Freddie will soon be able to purchase mortgage loans in excess of $1 million.

Wells Fargo and housing finance trade groups expressed support for expanding access to streamlined refinances and easing barriers to forbearance options for financially struggling consumers.

UWM is offering a one-year price break of up to 300 basis points for mortgage borrowers. A price war? That’s how some in the industry view it. Note: Price wars have been known to end badly. 

Blank-check company Aurora Acquisition Corp. issued a new 10-K mid-month, saying little about its merger partner Better.com. 

In a new supervisory roundup, the bureau cited mortgage companies for violating loan originator compensation rules and charging payment-method convenience fees. 

A Cleveland homeowner says Nationstar (now known as Mr. Cooper) improperly declined his COVID-related loan-modification request. Nationstar acquired the servicing rights from another company. 

The relationship between waivers and prepayments began to decline in April 2021, as the refinance wave cooled.

Thousands of mortgage workers have been handed pink slips this year as companies move to cut costs. But it appears many shops aren’t telling the states, as required by law. Is there a rational explanation?