A few years ago, ComplianceEase was chosen to provide the technology platform that enables regulators and licensees to cooperate and share the electronic files necessary to facilitate e-exams.
Over the past six months, chief executive officers at three top 20-ranked mortgage firms have been replaced for varying reasons. Are more changes in store in what could turn out to be a down year for residential lending? That’s hard to say, but speculation is growing that the executive turnstiles might be spinning a little faster between now and yearend. The three companies that unveiled CEO changes are PennyMac Financial Services (Stanford Kurland departing ...
More first-lien mortgages are originated through retail lending operations than either of the other main production channels, but correspondents gained some ground during the first quarter. An exclusive Inside Mortgage Trends analysis of survey data shows that the market share for correspondents rose in all three major loan categories: conventional conforming, jumbo and government insured. Correspondents have their deepest penetration in ... [Includes two data charts]
Mortgage banking remained profitable for the vast majority of banks and thrifts that are in the business, but earnings declined sharply in early 2017 and more institutions quit the market, according to a new Inside Mortgage Trends analysis of call reports. The industry reported a combined $3.562 billion in mortgage-banking income for the first quarter of this year, down 35.0 percent from the previous three-month period. The upside was that first-quarter profits ... [Includes one data chart]
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