The nation’s megabanks have started reporting second-quarter results, revealing a mixed bag when it comes to residential originations, according to a new analysis from Inside Mortgage Finance. The nation’s largest home lender, Wells Fargo, so far, has turned in the strongest performance of the group, funding $56.0 billion of product, a handsome 27.3 percent improvement from the first quarter of the year. Bank of America held its own with a 15.8 percent sequential improvement and U.S. Bank hiked its production game by a more modest 10.2 percent. And then there are...[Includes one data table]

The House Appropriations Committee this week approved a fiscal year 2018 funding bill for the Department of Housing and Urban Development with a $135 million allocation for systems enhancements, quality control and risk management improvements in lieu of a proposed lender fee. Approved by a vote of 31 to 20, the bill provides HUD with $38.3 billion in discretionary funding for FY 2018, down $487 million from the current level. The House measure authorizes...

The Seneca portfolio is so clean that it has attracted the interest of Chase, which hasn’t bought a bulk MSR package in years…

“Last year we did about $23 billion in originations and this year I expect us to hit between $27 billion and $30 billion,” said UWM CEO Mat Ishbia.

The bank’s servicing portfolio remained just about flat at June 30, coming in at $232.4 billion...

A press statement on the sale included no production or servicing information for either company…

Applications are heading northward again...

Another nonprime MBS deal is ready to hit the market, this one from Invictus Capital Partners...

Outstanding MBS servicing at Fannie actually declined slightly in the second quarter…

Compared to the same period a year ago, servicing balances have fallen by 19.5 percent.