Commissions earned by LOs were up 50% in 3Q20 from a year ago, with the average LO facilitating 51% more volume...

IPOs can be expensive and complicated, but debt offerings are more of a sure thing (for the right shop)...

Redwood locked $2.1 billion in mortgages during the third quarter but only acquired $176 million...

Afterward, the enforcement office’s policy and strategy team personnel and functions will be moved to a new division...

The FHA share of the insured agency market fell to 22.7%, down from 23.5% in the second quarter and 28.8% a year ago.

But the strong results are likely to cause some blowback. Come Dec. 1, their seller-servicers face a 50-basis point “adverse market” fee on most new refis. With Fannie and Freddie registering such strong profits — and with the forbearance picture continuing to improve — the rancor that lenders feel on the issue is likely to worsen.

Mr. Cooper, which ranks third among servicers, pinned the MSR shrinkage on prepayments as borrowers refinanced into loans offered by competitors...

At the same time, Fannie’s issuance of short-term debt nosedived, as the government-controlled mortgage giant took advantage of low interest rates...

Loans in the $570.2 million MBS were originated by Citadel Servicing Corp. and have seasoned for an average of 20 months.

Washington Federal has not yet been released from a 2013 consent order with the CFPB for violating HMDA and Regulation C.