The primary mortgage market’s growing reliance on purchase-money lending helped swing a little more business to correspondent lenders in the third quarter of 2018, according to an Inside Mortgage Finance ranking and analysis. [Includes four data charts.]

Carrington Mortgage this week announced the launch of its correspondent lending division.

Impac CEO George Mangiaracina: “I don’t believe we’ve seen capitulation yet with respect to other originators.”

In its comment letter to the FHFA, Fannie Mae suggests the rule should use original credit scores and LTV ratios, rather than mark-to-market values…

The appraisal exemption proposal needs final approval from the CFPB...

Wells Fargo remained the top producer of correspondent-originated loans with $26.64 billion in third-quarter volume and a 20.2 percent share of the market…

Ed Pinto wants a 4.0 percent capital ratio for Fannie Mae and Freddie Mac...

Visio originates through the retail channel but also uses loan brokers…

Panorama is not new to the mortgage business. In July 2016, the Omaha-based PE firm unveiled a “significant” investment in Alterra Home Loans…

The decline in market share for jumbos has occurred as interest rates have risen.