Back in 2004, credit unions accounted for just 3.2 percent of total mortgage originations. Not anymore.

Back in the first quarter of 2013, only 31.3 percent of Fannie/Freddie purchase mortgages had private mortgage insurance.

A source close to Horne confirmed the news and said he would be serving as an “executive advisor” to Wingspan, at least over the short term. But this source warned that the situation was "fluid."

Ethos Lending, a QM and non-QM lender, is marketing itself to third-party loan officers as the “broker advocate."

Wingspan is a specialty servicer, a space that is looking increasingly crowded these days.

IMT also found that in 3Q, seven of the top 15 sellers to Fannie and Freddie were nonbanks.

For those lenders originating HELOCs, they will have more failed loans on their hands – that is, if the theory is proved true.

The Federal Housing Finance Agency can and should improve its oversight of Freddie Mac information technology investments, concluded a new audit by the agency’s official watchdog. Last week’s Inspector General audit noted that Freddie is making “substantial investments” in IT in order to better support its operations and reduce risk. The GSE’s planned IT expenditures over three years are expected to exceed $1 billion, the IG added.

Fannie Mae last week announced two significant executive staffing changes. Leslie Peeler, senior vice president in charge of Fannie Mae’s National Servicing Organization, is leaving the GSE for a senior position with IBM’s mortgage group. It’s unclear what exactly Peeler will do for the mortgage division of IBM, which includes Seterus, a subservicer that works for Fannie Mae. IBM rarely discloses any information about its mortgage division.

Fannie Mae and Freddie Mac saw significant increases in single-family mortgage business during the third quarter of 2014, and they relied less on their top sellers, according to a new Inside Mortgage Trends analysis. Together, the two government-sponsored enterprises issued $183.2 billion of single-family mortgage-backed securities during the third quarter. That was up 29.1 percent from the previous quarter. Most of the gain came from a 31.7 percent jump in ... [Includes two data charts]