Heightened concerns have emerged about the effectiveness of the CFPB’s information security systems…

Correspondents generated 38.8 percent of the market and posted the highest purchase-mortgage concentration, 77.8 percent.

Industry consultant Paul Hindman believes more executive changes are likely in the months ahead…

This week, the government-sponsored enterprises reported combined earnings of $7.69 billion in the third quarter of 2017, which was up almost $3 billion from the previous period. As the end of the year approaches, they also continue to reduce their retained investment portfolios as mandated by the Federal Housing Finance Agency. Fannie Mae and Freddie Mac earnings were boosted by a legal settlement with the Royal Bank of Scotland over non-agency MBS ... [Includes one data chart]

“There was no drama surrounding this meeting of the FOMC,” said Michael Fratantoni, chief economist for the Mortgage Bankers Association.

Meanwhile, the indicators point to a drop in production volume for the fourth quarter…

Brian Vieaux, a senior vice president of third-party originations, said loan brokers are an “extension” of Flagstar’s reach through the retail channel.

Most banks and thrifts continued to report solid earnings from their mortgage banking activities during the third quarter, but profits generally weakened and year-to-date performance clearly has not kept up with the pace set in 2016. A diverse group of 24 banks reported a combined $2.36 billion in mortgage banking income for the third quarter, down 11.3 percent from the previous period. Half of them posted declines. The group generated $7.33 billion in mortgage ... [Includes one data chart]

The industry’s shift toward originations of purchase mortgages could help mortgage brokers gain market share, according to industry analysts. “This is a much more promising sector of the business than it was three or four years ago,” James Modrycki, a vice president of correspondent sales at Impac Mortgage Holdings, said at the Mortgage Bankers Association’s annual convention in Denver. Brokers originated $87.0 billion of mortgages in the first half of 2017, accounting for ...

A lender doesn’t have to be one of the big dogs in the industry to be competitive, thanks to continuing technological innovation. A case in point: Former U.S. Comptroller of the Currency Gene Ludwig and former Freddie Mac Chief Operating Officer Bruce Witherell have formed a new company in the mortgage technology and fulfillment solutions spaces, Promontory MortgagePath, which just rolled out what it’s touting as the next generation of point-of-sale solutions for lenders ...