PennyMac Financial was, hands-down, the top producer in the correspondent channel with $60.51 billion, a 24.2% increase from 2019.

Sprout's Shea Pallante: “This is a big step forward for mortgage professionals...”

Thanks to rising rates, mortgage stocks have been under pressure of late but most of the declines have affected lenders that recently went public as opposed to “older” firms such as Mr. Cooper and PennyMac Financial Services.

Mr. Cooper's correspondent lending volume dwarfs PHH's...

The plaintiffs charged that Wells did not pay loan officers for non-sales work, such as mandatory meetings, training and coaching sessions...

“Volume is holding up pretty strong,” said Bill Lowman, CEO of American Pacific Mortgage, Roseville, CA.

At issue: the freedom of loan brokers under UWM's operating contract...

The slope also remained slippery for home-equity debt outstanding. The Federal Reserve reported $441.6 billion of home-equity loans outstanding at the end of 2020, an 11.9% drop from the previous year.