In the home mortgage sector, complaints dropped both quarterly and annually.

At one point, PIMCO had been eyeing RoundPoint, sources told IMFnews...

While nonbank residential lenders lean a little more on TPO channels, banks are still the driving force in the correspondent market…

CitiMortgage filed the lawsuit after Chicago Bancorp refused to repurchase 11 mortgages.

Although residential lending could fall by 20 percent in 2016, the demand for retail LOs with strong ties to Realtors and home builders should remain strong.

DR Horton’s share price is holding up fairly well, but companies such as KB Homes, Pulte and Toll Brothers are trading near their 52-week lows.

The flow of new mortgages delivered to Fannie Mae and Freddie Mac declined by 19.9 percent from the third to the fourth quarter of 2015, and a larger share of them came from third-party originators, according to a new Inside Mortgage Trends analysis of mortgage-backed securities data. The two government-sponsored enterprises securitized $179.01 billion of single-family mortgages during the fourth quarter of last year. Although the biggest factor ... [Includes two data charts]

A recent appeals court ruling demonstrates that courts will look to contract terms between correspondent lenders and loan purchasers when determining the validity of buyback claims. In CitiMortgage v. Chicago Bancorp, the loan purchaser prevailed, with judges noting that the correspondent seller breached the contract by refusing to cure or repurchase loans. The two firms had a contract under which Citi agreed to buy mortgages underwritten or originated by Chicago Bancorp ...

Due diligence provider American Mortgage Consultants recently purchased the like-minded JCIII & Associates for an undisclosed sum, a transaction that could be a harbinger of additional consolidation in the sector. In fact, market sources contend that eventually American Mortgage Consultants will hit the auction block too – it’s just a matter of when. According to one due diligence source, the purchase of JCIII helps AMC build “critical mass,” which will attract buyers or at least ...

It’s not too late for lenders to catch the home-equity lending wave, which has rebounded after the housing market collapse and steadily gathered strength for well over a year now, according to Sam Khater, deputy chief economist at CoreLogic. “Home-equity lending, for years the red-headed stepchild of our industry, is coming back into favor, thanks to the growth in equity that millions of American homeowners are experiencing, and the improving economy,” Khater said ...