Wells Fargo: “Home lending revenue [was] down 21% from 3Q20 on lower servicing income and MSR valuation adjustments reflecting higher prepayment.”

The facility allows for originations of jumbo mortgages along with conforming loans.

The Golden State remained the largest source of insured agency business, accounting for 13.2% of the total market.

Even though there was no official announcement, that policy expired on December 31.

However, details remain a closely guarded secret...

Margin compression could come at an inopportune time for nonbanks seeking to go public...

Corina Gonzalez, a senior vice president at DBRS, believes it will take time for the new standards to prompt changes in the origination equation.

loanDepot’s biggest investor is Parthenon Capital Partners, a private equity firm...

The rock-bottom interest rates had substantially less impact elsewhere in the structured-finance market...

On Friday, Black Knight released its weekly forbearance report, declaring that 5.2% of all mortgages were in some form of relief, a 92,000 unit decline for the seven-day period ending Jan. 5. The data analytics vendor said despite what looked like positive news, it cited a “troubling slowdown in the rate of improvement.”