Market leader Wells Fargo has acknowledged that correspondent lending has lower profit margins than retail.

Investors see more value in non-QM whole loans rather than securitized credit products…

Rick Sharga, president and CEO of consulting firm CJ Patrick Co., likened LO signings to the current Major League Baseball winter meetings being held in San Diego “where general managers bid against each other for free agents.”

California accounted for the highest volume of originations of jumbos that could be lost to Fannie and Freddie.

Quicken Loans, United Wholesale Mortgage and Fairway Independent Mortgage, ranked first, second and third, respectively among FHA producers…

Scott Olson said CHLA is urging state and local regulators not to over-react to the FSOC report...

TD Bank is heavily reliant on the retail channel for mortgage production…

Tim Doyle of the CSBS: “There will be a significant impact and industry should see a decreased turn time in getting the MLOs approved.”

While production at the two government-sponsored enterprises rose a combined 6.7% for the month, hitting $117.55 billion, Ginnie issuance was off 7.3% from October.

Figure’s co-founder and CEO is Mike Cagney. If the name sounds familiar, it should. Cagney formed SoFi earlier in the decade...