The $185.0 million settlement Wells Fargo agreed to in early September regarding retail banking sales practices has impacted the lender’s mortgage operations, according to bank officials. Timothy Sloan, Wells’ president and CEO, said mortgage referral activity declined significantly after the settlement was announced. “Mortgage referrals from retail banking, which account for 10.0 percent of our year-to-date mortgage originations, were down 24.0 percent from August to September,” he said during Wells’ recent earnings call. Sloan noted...

A CID recipient could not disclose its receipt of such a demand to counterparties under financing agreements, loan sales agreements, and purchase and sale agreements, which routinely require such disclosures.

After HomeBridge buys the Sherman Oaks, CA-based lender, the Prospect Mortgage name will disappear, said CEO Peter Norden.

TRID rule changes mean mortgage technology vendors will need to retro-fit software into multiple versions, which further stretches the resources…

Roughly $4.0 billion, or 72.7 percent, of Nationstar's production came through its consumer direct channel. Purchase loans represented 24 percent of originations.

At the recent annual convention of the Mortgage Bankers Association, trade group chief Dave Stevens said originators are being discouraged from lending to some first-time homebuyers.

During his career, Cotton has worked for Freddie Mac, Bank of America and Sterling Savings Bank, among others.

Will we finally see a 2.0 percent fixed-rate GSE loan then? Black swans, black swans...

The four megabanks had significantly greater earnings as a group: $2.684 billion, but the gain was slightly lower, 21.2 percent.

Through the first nine months of 2016, Freddie Mac earned $2.97 billion. It lost $354 million in 1Q and then turned around and posted a $993 million profit in the second quarter.