As one company official explained, “This gets us off the bank balance sheet.”

Despite the strong earnings, UWM's share price fell to a new low. The company went public earlier this year...

PennyMac's income fell by 17% on a sequential basis in the first quarter, originations declined by 3.5% while the nonbank's servicing portfolio grew by 5.2%.

Among those looking to buy: private-equity firms...

Late payment rates peaked in June at 11.82% as borrowers struggled with the impact of the pandemic on economic activity.

Wells Fargo once again ranked first, followed by Cenlar, JPMorgan Chase, Mr. Cooper and Quicken Loans...

In early April, New Residential agreed to buy competitor Caliber Home Loans for roughly $1.68 billion.

Mortgage complaints mentioning forbearance have reached their highest monthly average since March and April 2020...

With interest rates rising for much of the year, the asset value of servicing rights has become a more secured asset to lend against.

A diverse group of 21 commercial banks and savings institutions reported $3.75 billion of mortgage-banking income for 1Q21, a 1.7% improvement from the fourth quarter.