Wells reported mortgage banking non-interest income of $1.6 billion for the first quarter, a $62 million decline from the prior period.

Private mortgage insurance firms adjusted their pricing in early 2016…

Real estate agents find realty websites more useful in generating homebuyer leads than websites operated by mortgage lenders, according to the results of a new survey conducted by Campbell Surveys and sponsored by Inside Mortgage Finance. “Real estate information available online is causing a fundamental shift in lead sources for homebuyer agents,” said Tom Popik, research director for Campbell Surveys. “Real estate agents prefer online home-buying platforms over mortgage lenders for homebuyer leads.” An agent’s “sphere of influence/personal reputation” remains...

Four of the five largest IO lenders in the group are commercial banks…

Another disturbing wrinkle was CFPB Director Richard Cordray rejecting an administrative law judge’s proposed penalty of $6.4 million against PHH and instead jacking it up to $109.2 million...

Seehausen stressed that due diligence reviews never became a big part of the company’s product offerings...

Marketplace lenders connect borrowers with institutional and individual investors while eschewing traditional warehouse lines of credit...

The bank offers HELOC line amounts up to $500,000 and a maximum loan-to-value ratio of 70.0 percent.

PHH isn't saying much on the touchy subject of Merrill Lynch at this time...

Of course, Quicken isn't the only lender that uses call centers to produce retail loans...