Originations through mortgage banking platforms fell 7.8% from the first to the second quarter.

Thompson was more elusive about the question of whether LLPAs should be eliminated...

In the purchase market, the share of loans with credit scores ranging from 620 to 699 rose from 10.75% in the second quarter to 12.00% in the third quarter.

Among originators, loanDepot ranks sixth, among servicers 22nd...

One caveat: Only the most well-heeled companies came to market, leaving originators with weaker prospects to tap their bank lines or enter into new or amended master repurchase agreements...

Hundreds of lenders took PPP money, but given their strong profits, should they ask for federal forgiveness?

Veteran loan broker Michael Foote called it, “Good marketing more than anything, but they’ll just stack the loans and then sell them as soon as the new loans can be delivered…

The Fed added $135.87 billion to its agency MBS holdings during the second quarter. That accounted for just over half of the growth in agency MBS outstanding during that period.

Chopra’s installation at the CFPB is expected to jumpstart rulemaking and enforcement efforts by the regulator. At his confirmation hearing in March, Chopra said his priorities include scrutiny of how mortgage servicers work with distressed borrowers.

Nonbank mortgage processors serviced $4.977 trillion of securitized home loans as of June 30, up 2.4% from March and hefty 20.2% gain from a year ago.