The nonbank is also allowing a 50 percent debt-to-income ratio on the product.

The ranking was determined by dividing a company’s profit over the last financial year by the number of employees…

Through three quarters this year, retail originations fell 20.2 percent while brokers saw a 10.3 percent production drop and correspondent lending declined by only 1.8 percent.

The federal regulator released a check digit tool and a rate-spread calculator.

Some lenders said they’re loosening underwriting standards in in an effort to compete for volume.

Nationally, home prices increased by 6.48 percent in October compared with a year ago, according to Black Knight.

“It is certainly not a coincidence that these lies are being peddled once again as the Senate Banking Committee resumes its work this Congress on reforming Fannie Mae and Freddie Mac,” said Mica Johnson, Sen. Bob Corker’s communications director.

“While this flexible approach is generally beneficial for lenders and consumers, it does produce some uncertainty over what will be considered ‘good faith’ or ‘material,’” according to attorneys at the law firm of Buckley Sandler.

An estimated 69.5 percent of third-quarter mortgage originations were funneled into securities, according to affiliated publication Inside MBS & ABS.

A new spending bill approved by Congress extended federal funding through Jan. 19.