Mortgage lenders harvested a landmark crop of purchase-money mortgages during the second quarter, fueled partly by continuing growth in the first-time buyer segment, according to a new ranking and analysis by Inside Mortgage Finance. An estimated $307.0 billion of purchase loans were originated in the second quarter, up a stunning 49.8 percent from the first three months of the year. That was the highest quarterly volume for purchase-mortgage lending since the third quarter of 2006. Purchase loans accounted for 67.5 percent of the estimated $455.0 billion in first-lien mortgage originations during the April-June cycle, the highest such share since at least 2003. First-time buyers contributed...[Includes three data tables]

Warehouse providers of credit ended the second quarter of 2017 with $64.0 billion of commitments on their books, a modest 8.5 percent sequential gain, reflecting a strong – but not an overheated – origination market for nonbank originators. Compared to the same quarter a year ago, commitments increased 12.3 percent. According to interviews conducted by Inside Mortgage Finance this week, credit managers are...[Includes one data table]

The new security is backed solely by loans from Caliber...

Meanwhile, United Wholesale Mortgage CEO Mat Ishbia said the nation’s largest wholesaler is not cancelling any closings because of Irma, at least not yet...

Spot-condo approvals would require property recertification every three years…

Investors Unite speaks for GSE shareholders – except senior preferred holders (the Treasury Department)…

Mortgages from 103 lenders will be included in the deal led by PrimeLending…

Of the nation's top 10 jumbo servicers, just one is a nonbank: Ocwen Financial.

Fun fact: Ocwen is one of the sponsors of the event where CFPB Director Richard Cordray will be speaking…

As another hurricane approaches the U.S. more loan closings are cancelled...