Demand for newly-originated non-QMs has declined, prompting aggregators to re-price products, At least one wholesale lender stopped originations...

One warehouse executive who competes against the bank in question noted: “There’s panic among their customers.”

The good news is that several large nonbanks (PennyMac Financial Services comes to mind) hedge their MSR positions. But others do not.

The biggest risk for the purchase-mortgage market: an unemployment rate that could shoot into the stratosphere.

In terms of new HELOC commitments, Bank of America, Wells Fargo and Citizens Bank ranked first, second and third, respectively in 2019...

Investors and issuers alike are suffering from a case of interest rate whiplash. 

Straight talk from Impac CEO George Mangiaracina: “These are extraordinary times with unprecedented interest rate shocks and global market dislocation so any enthusiasm for future prospects should be properly balanced and tempered by potential supply and distribution constraints..."

The CFPB sued Fifth Third Bank for opening unauthorized accounts, but the bank is fighting back.

Most state laws require loan originators to conduct mortgage activities at a licensed location...

It would appear that Calabria, who took charge a little over a year ago, hasn’t made much progress in the matter.