One warehouse executive who competes against the bank in question noted: “There’s panic among their customers.”

The biggest risk for the purchase-mortgage market: an unemployment rate that could shoot into the stratosphere.

In terms of new HELOC commitments, Bank of America, Wells Fargo and Citizens Bank ranked first, second and third, respectively in 2019...

Straight talk from Impac CEO George Mangiaracina: “These are extraordinary times with unprecedented interest rate shocks and global market dislocation so any enthusiasm for future prospects should be properly balanced and tempered by potential supply and distribution constraints..."

Most state laws require loan originators to conduct mortgage activities at a licensed location...

As interest rates decline significantly, there's a risk that investor demand will fade...

Interestingly, mortgage rates actually increased on Monday and Tuesday, some loan officers reported. As New Jersey loan broker Brian Benjamin put it: "Every day is a roller coaster."

Chuck Klein of Mortgage Banking Solutions: “I don’t see much interest in selling. Buyers aren’t willing to pay a premium.”

The the spike in refi activity has “meaningfully” increased the pricing power for originators, said KBW. The research firm said gain-on-sale margins from secondary market loan sales should be exceptionally strong.

Sterling said that in connection with the review, a significant number of employees have either been terminated or resigned, including a senior vice president...