Wells Fargo will soon have a new mortgage chief: Michael Weinbach, who comes over from JPMorgan Chase. His mission: to control the megabank’s mortgage message.

Mortgage lenders are increasingly taking advantage of social media platforms to advertise and maintain customer relationships.

Miami withdrew mortgage-related lawsuits against BofA, Citi, Chase and Wells. Another lawsuit against Wells was certified as class action.

Bye bye to LIBOR for Fannie and Freddie / What do Non-QM CEOs Earn?

In late 2019, conventional-conforming originations hit their highest quarterly volume since the epic 2003 mortgage market. Government lending wasn't far behind.

In late 2019, conventional-conforming originations hit their highest quarterly volume since the epic 2003 mortgage market. Government lending wasn't far behind. (Includes two data charts.)

Mortgage lenders were happily writing as many loans as possible during the second half of 2019. But not surprisingly, closing times increased.

The bureau has tightened the use of “abusive” practices under its sweeping authority to prohibit unfair, deceptive or abusive acts or practices. Industry watchers believe the impact of the new policy might be limited.

Many potential first-time homebuyers want lenders to offer both an online loan application process and in-person services. Borrowers are looking for speed, convenience and customer service.

Lenders generated a hefty $2.375 trillion of first-lien home loans last year, the strongest the market’s been since 2006. Volume was up 8% from the third to the fourth quarter, but not all lenders took advantage of the refi wave. (Includes two data charts.)