Nearly 12% of loans were underwritten using only one month of bank statements as the main source of income verification.

Wells Fargo: “Like everyone, we are seeing an increase in mortgage application volume driven by lower rates. In order to help provide the best possible service to our customers, we continue to hire underwriters, processors and closers..."

“Mortgage originators are looking at record earnings for the first quarter,” said Chuck Klein, managing director of Mortgage Banking Solutions, Austin, TX, a consulting firm engaged in warehouse reviews and M&A activity.

Justice Kavanaugh stuck mostly to his already-established views: The for-cause removal provision is unconstitutional, and should be severed from the statute. Many of Kavanaugh’s questions centered on the severability of the provision.

Suddenly, lenders are talking about capacity issues...

According to IMF's 4Q19 ranking, JPMorgan Chase was the commitment volume leader with an estimated $19.0 billion of approved lines to nonbanks…

It is rare for Republicans, who have been critical of the bureau’s regulatory actions in the past, to praise the work of the consumer regulator.

DoubleLine Capital is now a “strategic investment partner and minority shareholder” in OptionWide Financial, a lender that focuses on non-QMs.

According to industry consultant Joe Garrett, the typical residential mortgage company sale of the past few years has been an asset sale with a three-year earn-out.

For the year banks and thrifts earned $13.54 billion from mortgage banking, a 14.2% decline from 2018.