The uptick in the third quarter this year was the first time originations increased from the second quarter to the third quarter since 2020.

Mark Fair, an associate vice president and senior portfolio manager at Venerable, a life insurance company, said he’s “very constructive” on the non-QM market.

PrimeLending took an $8.7 million loss in the third quarter, with originations declining compared with the second quarter and a reduction in margins.

One addresses foreclosures in states with a nonjudicial foreclosure process and the other would modify requirements for direct endorsement underwriters.

“Modernizing and providing more clarity on structuring marketing services agreements and affiliated business arrangements and making it easier for lenders to market digitally to consumers would spur greater competition, increase consumer choices and lower settlement costs without compromising core protections,” Bob Broeksmit, president and CEO of the MBA, said in the trade group's white paper on RESPA reforms.

Mortgage-related complaints submitted to the CFPB were up 2.7% from the second quarter, driven by servicing issues.

Using outsourcing providers can help lenders avoid the hiring cycle that accompanies originations booms and busts.

Mr. Cooper group has reduced its servicing staff and is adding to its originations unit.

PennyMac funded $31.7 billion of residential loans during the July-September corridor, a handsome 17% improvement...

The mortgage servicer funded over 25,000 new mortgage orignations in the quarter.