Sources familiar with the situation said Carroll began spreading the word about his departure last week.

Compass Point Research told clients that the case not only directly affects mortgage originators, but has implications for other lending sectors as well.

Other investment bankers who work the MSR market said declining interest rates and the “Ocwen” effect are hurting values.

Roughly 90 percent of the time, residential loan officers never see the end mortgage customer, according to several weeks’ worth of interviews conducted by Inside Mortgage Finance. However, few in the industry think it’s a problem. “We have the technology not to see our applicants,” said Jim Picard, vice president of home loans for Denali Alaskan Federal Credit Union. The technology that Picard and others refer to is...

Thomas Gamache, national director of retail sales for Guaranteed Rate, has left the company and accepted a position with Citizens Financial Group...

After hearing from the industry, the CFPB determined that the short turnaround could pose challenges for lenders that allow consumers to lock rates late in the day or after business hours.

“I see a lull in aspiring new talent,” recruiter Rick Glass told Inside Mortgage Trends.

Roughly 5 percent of Citadel's production is retail with correspondent accounting for 7 percent. The balance entails table funding.

In settling, S&P did not admit or deny any of the allegations levied against the firm.

Still, the four super-sized U.S. banks – those with more than $1 trillion in assets – continue to rank in the top five GSE sellers.