Total servicing held by depository institutions slipped 2.9% during the fourth quarter, shrinking their share of the top-50 market to 48.7%.

Its gain-on-sale margin came in at 305 basis points in 4Q20 compared to 110 bps in the year ago period. The nonbank also vowed to return “excess cash” to shareholders when possible, a reference to dividend payments.

Figure Acquisition Corp. I is planning to acquire a company involved in financial technology and financial services.

Investment bankers that work in the trenches fear that pent-up selling in the first quarter could lead to a mad rush for the exit...

The sole category that saw an increase on a sequential basis was loan closings, which registered a 2.1% rise.

The deal is sized at $146.2 million while previous MBS from Deephaven averaged closed to $400 million in volume.

BlackRock places a bullish bet on the nation's number-one lender...

DFPI Commissioner Manuel Alvarez: “We take our expanded responsibility very seriously and are moving swiftly to ensure debt collectors do not violate the rights of California consumers.”

The volume of FHA loans was down 4.2% for the year, including a 1.8% drop from the third to the fourth quarter. But at $1.114 trillion, FHA loans continued to represent the dominant slice of the Ginnie pie...

Valon, formerly known as Peach Street, plans to use the funds to hire and acquire...