The trade group’s profitability calculation is based on average production volume of $614 million per company in the third quarter.

According to its website, Movement Mortgage also seeks to hire underwriters, a mortgage licensing specialist and an associate general counsel.

However, the note rate was not disclosed. The originator of record is Wells Fargo Multifamily Capital...

What year-end slow down? Michigan Mortgage is searching for 14 new employees for ten of its 28 locations. A majority of the jobs are for loan officers and underwriter positions...

Stonegate Mortgage is the top contributor to the deal with a 32.3 percent share, followed by Prime Lending with a 21.6 percent share...

Jumbo mortgages remain the product of choice for bank portfolios, though some lenders are retaining originations of conventional-conforming mortgages.

The refinance market was soft as well. The agencies securitized $37.48 billion of refinance loans during November, down 12.3 percent from the previous month.

Edward Pinto, former chief credit officer of Fannie Mae who now studies housing trends for AEI, disputes NAR’s data and describes the first-time buyer market as “booming.”

Are some mortgage underwriters using Facebook information to underwrite their credits? We heard one interesting story this past week...

Quicken Loans recently launched a new, TRID-friendly product dubbed the “rocket mortgage,” so named because “in the eight minutes it takes a space shuttle to reach orbit, Americans will now be able to receive a full mortgage approval online,” the lender says in its marketing pitch. “Rocket Mortgage simplifies the largest, most complex and important financial transaction most consumers experience in their lifetime,” said Linglong He, chief information officer for the lender ...