After pulling back from correspondent lending during 2Q20 amid market volatility, New Residential sharply increased its loan purchases in the third quarter...

Kirstin McMullen, chief financial officer of The Money Source: “Since March, we have all made so much cash, so it’s certainly less stressful"...

The nonbank is weighing its IPO options. In the interim, it's selling $500 million worth of debt...

In settling with the FHA charges with government, Guild did not admit liability...

Among the top 10 lenders for the first nine months, six were nonbanks and four were federally insured depositories. However, the number-10 ranked Bank of America is in danger of being overtaken by Guaranteed Rate.

All totaled, McCarthy will take home $97.5 million today compared to $161.5 million, the high end of the range published last Thursday...

David Brickman, Frater’s counterpart at Freddie, expressed similar sentiments: “Costs have changed. Risks have changed. We’ve put in place an appropriate and prudent response to that change in the external environment for us to support struggling homeowners.”

In 3Q20, Quicken Loans was the origination king at roughly $84 billion, followed by Wells Fargo ($62 billion) and United Wholesale Mortgage ($54 billion).

Between July and September, the bureau entered into consent orders with eight VA lenders over deceptive marketing practices. Overall, the CFPB assessed $2.8 million in civil penalties but provided no restitution to harmed consumers.

The shares are slated to begin trading on the NYSE under the symbol HOMS next Thursday, Oct. 29. The lead book runner on the IPO is Credit Suisse.