There are sharp differences in compensation structures for loan originators who work out of retail branches and those in the consumer-direct business, according to Strategic Mortgage Finance Group. Stratmor, an advisory firm, recently released details from its most recent “compensation connection” survey, covering compensation in 2015. The results focused on traditional retail LOs and consumer-direct LOs who tend to focus on call-center/online originations. Retail LOs were found to ...

Fannie Mae and Freddie Mac are getting more business in loans with lower credit scores and higher loan-to-value ratios, a new Inside Mortgage Trends analysis reveals. Some 22.08 percent of purchase mortgages securitized by the two government-sponsored enterprises in the first quarter of this year had credit scores ranging from 620 to 699. That was up from 21.46 percent in the fourth quarter of last year, and it represented the highest ... [Includes two data charts]

State regulators filed a complaint last week seeking to prevent the Office of the Comptroller of the Currency from creating a national charter for nonbank financial technology companies. The charter would preempt state laws, eliminating a “patchwork” of compliance issues for marketplace lenders and other fintech companies. “If the OCC is allowed to proceed with the creation of a special-purpose nonbank charter, it will set a dangerous precedent that any federal agency can ...

Lack of basic information and knowledge about the application process and concern about rising interest rates are reasons why most homeowners are reluctant to take out home-equity lines of credit to meet their financial needs, according to a study by mortgage solutions provider Digital Risk. A company survey of 1,038 homeowners found that 21 percent have no clue what a HELOC is, while 45 percent did not even know how to apply for one. Sixty-five percent said they ...

On the origination side of the equation, Nationstar funded $3.81 billion, a 13.2 percent drop from 4Q16.

At March 31, Stonegate serviced $17.42 billion of mortgages, up 6.9 percent from the previous quarter…

In no time at all, New Residential has become the nation’s sixth largest owner of residential servicing contracts.

The two top executives at Impac Mortgage Holdings took home a combined $13.22 million in pay last year...

Denmar Dixon, who stepped down as CEO of Walter Investment Management Corp. last year, received $6.62 million in total compensation for 2016 while the company posted a net loss of $529 million.

Ocwen’s management noted there is no guaranty the deal with New Residential will actually close.