Nonbank mortgage-banking profitability models have been much more aggressive than their mortgage bank competition when it comes to paying their loan originators. But many question how nonbanks can afford to pay 100 basis points more than banks. During a recent webinar sponsored by Inside Mortgage Finance, Paul Hindman, managing director of Grid Origination Services, suggested it has to do with “efficiency execution with every step of the mortgage origination.” And which companies are doing this? “Those companies that really can afford to offer this level of compensation and still be profitable,” he added. That being said, there are varying qualifiers that must be satisfied in order to justify paying a higher commission. Hindman spelled out the typical components of loan ...

The nation’s top three ARM producers are: JPMorgan Chase, Wells Fargo and Bank of America…

Consultant Joe Garrett notes: “It’s a very small club of mortgage bankers who’ve bought banks…”

With the purchase now complete, there are just six MI firms in the U.S.

When the housing recession was in its early years, negative equity was most pronounced in a handful of Southwestern and Southeastern markets...

With rates rising (and staying that way, for now) mortgage M&A is expected to pick up steam in the coming months...

But if you think that Wells Fargo will pull a “BofA” and quietly downshift its presence in mortgages, think again.

The index estimates the level of defects detected in loan applications processed by the First American FraudGuard system.

Wells Fargo, for example, reported that 90.7 percent of its third-quarter jumbo originations came through the retail channel…

Rising interest rates are good for MI stocks because it translates into greater “persistency…”