Ocwen, which has a checkered past when it comes to servicing-related allegations, entered into the consent order without admitting liability.

The Charlotte-based regional reported residential mortgage income of $221.0 million compared to $341.0 million in 2Q20. The reason: a large markdown on the value of its servicing portfolio.

While the supply of VA loans in Ginnie MBS continued to grow during the third quarter, the volume of securitized FHA forward mortgages fell 2.7% from the end of June.

When it comes to going public, Freedom Mortgage CEO Stan Middleman said "it depends on your investment horizon and on your personal situation.”

Mark Garland, managing director of SitusAMC, noted: “There is so much liquidity out there"...

Most loans are removed from Ginnie pools because the borrower paid off the loan. Then there's the matter of EBOs...

While production was up in the third quarter, U.S. Bank's mortgage banking revenue actually declined...

However, compared to Bank of America, Wells looked like a rock star. BofA produced just $13.4 billion of residential loans in the July-to-September period, an ugly 42.4% drop from the second quarter...

The previous record, $895.31 billion, was set in the third quarter of 2003.

Finance of America ranked 27th among all lenders in the first half of 2020. The firm projects $293 million in net income for the year.