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.

Would-be competitors for Fair, Isaac and Company, which owns the FICO models, are going to have to shell out a $200,000 application fee.

Important lessons learned this week: What goes up, must come down; mortgage rates don't always track the 10-year Treasury; stock speculation (Fannie/Freddie) is not for the faint of heart...

Officials at Redwood noted that gross margins on the issuance of mortgage-backed securities and whole loan sales improved as well.

At Dec. 31, the bond offered a yield of 1.92%, or 68 basis points higher, a significant difference.

Wells Fargo was the Big Kahuna of purchase lending in 2019 while Quicken Loans was the refi king, Inside Mortgage Finance found…

Quicken Loans was the top ranked FHA producer for the year with $17.4 billion, followed by United Wholesale Mortgage ($13.1 billion) and Freedom Mortgage ($8.7 billion).

Will a Democratic victory be the death knell for GSE reform?

Ocwen is losing a big subservicing contract with REIT New Residential but isn't worried about the development because the contract was unprofitable in the fourth quarter...