Formed earlier in the decade by former Goldman Sachs executive Matt Nichols, Deephaven ranks among the top 10 expanded-credit lenders.

In late 2015, Quicken executive Bill Emerson complained how DOJ sued based on a paltry sample of the lender’s government-backed loans. “They cherry-picked just 55 loans [for its case],” he said…

More data = more scrutiny?

Mat Ishbia, CEO of UWM, noted: “We finished the first quarter with [loan production] of about $17.56 billion, more than double what we did in 1Q1 2018…”

All of the mortgages were originated by Chase, predominantly through the correspondent channel...

Retail-originated loans accounted for 47.0% of first-quarter agency business, the lowest share since loan-level MBS data became available in 2013…

Keefe, Bruyette & Woods says overcapacity in the mortgage industry continues to be a problem...

Citadel could break the $3.0 billion mark in non-QM servicing by the end of May…

As industry consultant Paul Hindman noted: “The dramatic swing in mortgage interest rates changed the game big time."