Credit Suisse is entering the non-QM MBS market, sourcing loans from a lender that previously contributed to deals from Western Asset Management Company.

Quicken Loans, the nation’s largest direct lender, told IMT the firm currently has 1,300 job openings “with positions available in many areas, including mortgage banking and technology.”

PennyMac Financial Services, the nation's seventh largest residential servicer, had much better results on its hedges…

UWM CEO Mat Ishbia: “I’m not a person that believes the expiration of the patch is going to be a major industry event.”

Two questions – one about language preference and another about homeownership education and housing counseling – will be removed from the GSE application.

First Republic Bank is the top contributor to the MBS, with a 27.1% deal share. Other lenders with mortgages in the MBS include Banc of California, loanDepot and Nationwide Bank. The loans have seasoned for an average of 18.7 months.

The volume of highest-risk loans rose over that period, but at a relatively slower 25.1% rate.

Citadel's competitors include Angel Oak, Caliber Home Loans, Deephaven, Impac Mortgage and other like-minded shops. 

Not only does the Mt. Laurel, NJ-based company rank seventh among originators, it’s also the 11th largest servicer.

At Fannie and Freddie, cash-out refinance volume was up 16.0% from June, while rate-term transactions rose 12.6%.