When asked why he thought non-QM lending has been so weak he said, “The consumer is resistant to the pricing.”

Americans were too busy refinancing and shoveling snow to get new home-equity loans during the first quarter of 2015, a new Inside Mortgage Finance analysis reveals. Mortgage lenders did an estimated $19.5 billion of home-equity lending during the first three months of 2015, based on new commitments for home-equity lines of credit – by far the most active part of the HEL market – plus originations of closed-end seconds. That was down 7.1 percent from the fourth quarter of last year. Despite the slowdown in the first quarter, home-equity production was...[Includes three data tables]

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

In recent years there has been speculation that Nationstar would spinoff Solutionstar, but officials at Nationstar now see Xome as a way to differentiate the nonbank from other lenders.

In general, companies whose sole mission is to originate and service residential mortgages are the most shorted stocks in the sector...

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

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.”