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.”

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.

D. Steve Boland, Bank of America’s home loans originations executive, says retail mortgage lending is the perfect way to connect with the bank’s customers. In an interview for a special report published by Inside Mortgage Finance Publications, Boland noted that BofA serves one out of every two banking customers in the country. “We have a tremendous footprint and franchise, from our financial centers to the mortgage loan officers and all of the other associates that serve our customers,” he said ...

Mortgage lenders sold a total of $121.87 billion of loans that were originated by mortgage brokers and correspondents to Fannie Mae, Freddie Mac and Ginnie Mae during the first quarter of 2015, according to a new Inside Mortgage Trends analysis of loan-level mortgage-backed securities disclosures by the agencies. Third-party originated volume was up just 1.7 percent from the fourth quarter, while total issuance of agency MBS rose slightly more, by 3.7 percent ... [Includes one data chart]