Meanwhile, net servicing income fell to $27 per loan in 2Q17 from $225…

Another source added: “Eli’s interest in the industry is legit. They want to buy and hold companies.”

NRMLA said the changes "diminish the benefit (amount of loan proceeds) available and increase the costs (increased upfront mortgage insurance premium) to most borrowers.”

The refi share of new applications continues to rise…

Cowen & Co. predicts that storm damage caused by the hurricane could “encourage” lender consolidation…

In aggregate, banks and thrifts earned $3.72 billion from mortgage banking activities during 2Q17…

“The NOLO platform allows customers to complete the mortgage lending process entirely online without the industry standard loan officer interference at each step,” 360 said.

“Before a loan closes there will need to be [property] reinspections,” said Pete Mills, senior vice president of residential policy and member engagement for MBA.

Dan Hanson, a top production manager for number-one ranked lender Wells Fargo, has jumped ship for loanDepot...

In the last 12 months the foreclosure inventory has been depleted by more than 150,000 homes, a 28 percent drop.