The account fabrication scandal had nothing to do with mortgages, a market that Wells Fargo dominates both as a lender and servicer.

Houlihan Lokey was PCM’s advisor on the sale.

PwC estimates that by the early 2030s, up to 38 percent of existing U.S. jobs will be susceptible to automation from robotics and artificial intelligence.

SFR transactions are expected to increase as investors rely more on leverage…

PennyMac sourced 92.7 percent of its government-insured loans from correspondents…

Production profits suffered, but servicing and secondary market income increased…

Depositories reported $3.56 billion of mortgage-banking income for 1Q17, a 35 percent sequential decline.

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 ...

Among the “deliverables” the industry is waiting for: the reporting portal, the geocoding tool, data validation and other edits…