McCoy works in Nationstar’s servicing department, DeYoung in administration.

During May Quicken ranked second among all GSE sellers with 68.2 percent of its business going to Fannie Mae.

Servicing profits were generally down in the first quarter as many companies reported negative effects resulting from interest rate volatility.

The survey also found that about 90 percent of loans originated by banks were QM compliant compared to 84 percent last year...

Calls to nonbanks from Inside Mortgage Finance revealed a great deal of interest in the Citadel product...

One official described the situation: “Just more house cleaning now that Harold [Lewis] is gone. Most of the senior people leaving were his supporters.”

Compared to a year ago, bank mortgage servicing for others – nearly all of which is connected to MBS – was down 6.1 percent.

The regulator said Guarantee – which is in the process of liquidating – paid its LOs, in part, based on the interest rate of the loans they were bringing in.

They called on policymakers to “embrace” nonbanks and address unintended regulatory impacts that are seen as driving banks out of portions of the mortgage market.

Though down from April, it was still significantly higher than at any time in 2014, when production averaged just $77.46 billion per month.