CFPB Director Rohit Chopra: "The mortgage market has not provided products that allow all households to save money by refinancing at a lower interest rate."

The cancellation list reads like a who’s who of mortgage banking...

Nonbanks’ market share contracted to 63.4%..

The new warehouse effort comes at a difficult time for nonbank borrowers...

Jumbo lending through correspondents increased by 20.5% from the first to the second quarter.

PacWest's non-agency credit risk transfer is planned as a one-off, with the bank acquiring loans from various lenders

It seems like a lot of money to pay in tough times...

Loans in the deal have seasoned for an average of two months.

When nonbanks hurt, so too do their financiers...

The researchers also found that when nonbanks gain share, banks shift their focus to higher-income borrowers...