Despite the huge losses posted by PHH, James Egan, chairman of the board, said Messina “has led PHH with vision, decisiveness and integrity through one of the most turbulent periods in the mortgage industry in decades...”

The top 100 lenders produced a hefty $1.622 trillion in first-lien mortgages last year, including their correspondent and wholesale-broker programs…

The top tier of mortgage producers gained some market share in 2016, but call-report data show that community banks continued to play a huge role in the primary market, according to a new analysis and ranking by Inside Mortgage Finance. The top 100 lenders produced a hefty $1.622 trillion in first-lien mortgages last year, including their correspondent and wholesale-broker programs. Although their production faltered by 2.5 percent in the fourth quarter, full-year volume was up 18.2 percent from 2015. Banks, thrifts and credit unions ended...[Includes two data tables]

As one mortgage CEO noted: “We’d be knocking it out of the park already if there were more [home] sellers."

The most prevalent users of next-gen tech were large and mid-sized lenders…

Mortgage brokers accounted for 12.9 percent of agency production.

However, this group of nonbank lender/servicers is hardly homogenous…

BAML suggested that one of the reasons prepayment speeds on jumbos have been relatively slow is the presence of self-employed borrowers…

Depending on its buying spree, Freedom could easily leap-frog into the number four originator spot, bypassing PennyMac Financial, Bank of America, and U.S. Bank.

LO automation could be complicated by compliance. What if there’s a RESPA violation and charges are filed? Who goes to prison: the computer or the supervisor of the computer?...