United Wholesale Mortgage, Troy, MI, has earmarked $500,000 in grant money for a new trade group-backed initiative to allow loan brokers to start their own shops. The best part: more wholesalers are expected to join the effort, which could grow the pool of available funds. At least that’s the word from UWM CEO Mat Ishbia. In an interview with Inside Mortgage Trends this week, Ishbia predicted that other wholesalers will join the effort, though he wasn’t ready to name names ...

The inherent complexity and ambiguity of many of the provisions of the Consumer Financial Protection Bureau’s integrated disclosure rule are stymying the ability of technology to aid in lender compliance, top industry experts said this week. Speaking during a webinar sponsored earlier this week by Inside Mortgage Finance, former CFPB official Benjamin Olson, now a partner with the BuckleySandler law firm in Washington, DC, detailed the obstacles that lenders are confronted with ...

Banks and savings institutions sold $174.7 billion of single-family mortgages as part of their mortgage-banking operations during the second quarter of 2016, according to a new Inside Mortgage Trends analysis of call-report data. That represented a 20.2 percent increase from the first three months of the year. It brought year-to-date loan sales to $320.0 billion, still 12.2 percent short of the total for the first half of 2015. Banks ended June with ... [Includes one data chart]

The compensation plan is available to LOs of Atlantic Bay who originate more than $14.0 million in retail loans in a calendar year.

Impac is forecasting $12 billion in originations this year, up 29.0 percent from 2015…

The motivations of buyers and sellers in the mortgage servicing market appear to be at odds, and sellers are hoping for some sort of buyer conversion to light up the market and get more deals. At the Ginnie Mae Summit last week, panelist Michael Ehrlich, senior mortgage specialist at Thomson Reuters, indicated that sellers are itching to see more mortgage servicing rights deals but there are not too many buyers lining up. “The demand from sellers to sell is...

However, Georgetown University professor Adam Levitin is challenging the findings of his DC-area colleagues.

The Redwood CEO said the MBS offer a number of benefits to Chase, including effectively cutting the guaranty fee…

A decade ago, PHH Mortgage had several suitors, including Countrywide Financial, which once coveted its private-label business…

Among the top 20 VA lenders, just six depositories made the cut: USAA, Navy Federal, Wells Fargo, Flagstar Bank, The Federal Savings Bank and North American Savings Bank…