Depositories reported $3.56 billion of mortgage-banking income for 1Q17, a 35 percent sequential decline.

But keep in mind the 'new nonprime' is nothing like the toxic and predatory products of the last decade...

Among the top five retail lenders, Wells Fargo had the largest sequential decline in 1Q17, down 41.2 percent.

“You need a lot of issuers out there and you need more investors,” said Redwood CEO Marty Hughes.

TD Bank is by far the biggest bank investor in card ABS, and in ABS overall, but its $12.71 billion portfolio of card ABS was down some $702.6 million from December.

Among the “deliverables” the industry is waiting for: the reporting portal, the geocoding tool, data validation and other edits…

Deephaven Mortgage is preparing to issue its second nonprime MBS of the year...

Almost every week it seems like a lender launches a digital mortgage process allowing for loan applications to be received and processed online effortlessly and efficiently. However, according to a recent survey of lenders, a number of barriers stand in the way of digital mortgages. Lenders cited various technology issues, costs and difficulties getting loan officers to change behavior as barriers to digitizing the mortgage process. Some 73 lenders participated in the survey administered by the Strategic Mortgage Finance Group earlier this year. The top barrier to digital mortgage offerings was...

In the first quarter, PennyMac ranked fourth among all home lenders, trailing Wells Fargo, Chase Home Finance and Quicken, according to a ranking from Inside Mortgage Finance.

Lenders cited various technology issues, costs and difficulties getting loan officers to change behavior as barriers to digitizing the mortgage process.