The eight nonbanks – including the top publicly traded firms that rank high in originations, servicing or both – posted a combined $40.5 million in mortgage-banking income during the first quarter.
Fidelity, a market leader in title insurance, has a market capitalization rate of $10.6 billion and is headed by William Foley, age 70, who has a history of spinning off companies.
Fannie, Freddie and Ginnie all posted solid gains in volume during April, but Ginnie had the strongest increase with issuance rising more than 32 percent…
Researchers at the Urban Institute found that, although the percentage of first-time homebuyers increased from 2011 to 2014, the national share of first-time homebuyers in the agency mortgage market fell from 57 percent in 2011 to just 54 percent last year. Researchers Bing Bai, Jun Zhu and Laurie Goodman, director of the Housing Finance policy center at the Urban Institute, attributed the change to a decline in FHA’s market share. From 2001 to 2003 ... [Includes one data chart]