However, year-to-date mortgage banking income was up 46.0% from the first six months of 2020.

At Caliber, Thorn served as chief loan administration officer and was responsible for all production and servicing tied to the nonbank’s four channels. During her career, she also has worked for megabanks Bank of America and JPMorgan Chase.

MBA, like many trade groups, was forced to cancel the in-person portion of all shows dating from the spring of 2020...

When all is said and done, the buyer could wind up with $2.12 billion worth of government product.

In the broker segment, new hiring for the month improved by 3,200 heads to 124,800. Both the banker and broker readings represent 10-year highs and then some.

Earlier in the week, CoreLogic estimated a loss of between $27 billion and $40 billion because of damage to property, including insured and uninsured residences and commercial structures...

At press time, Ocwen's common was trading at $28.06 compared to a 52-week low of $17.29 and a high of $35.08.

PennyMac Financial Services, the nation’s second largest Ginnie servicer overall, listed buyouts of $11.6 billion for the six-month period ending June 30...

Wells Fargo's jumbo servicing portfolio declined by 2.5% to $242.25 billion...

In a new report, the rating service notes the “extensive” MSRs of nonbanks “often make the quality of their capital much weaker than that of banks.”