The big question for the industry: Once production finally slows next year, will lenders trim retail and opt to use brokers since the latter only get paid if the loan closes?

Meanwhile, over at Fannie Mae, repurchases fell 19.7% to just $12.7 million.

Late this week there was talk in the market of two fairly large packages up for grabs: a $13 billion portfolio of conventional mortgage servicing rights and a $25 billion offering...

Caliber hopes to go public one of these days, while Freedom presently has no desire to test the IPO waters.

Attorney Jan Keas: “I think a logical question you always want to ask about social media activity is why are you doing what you are doing..."

The list of nonbanks involved in Ginnie buyouts is beginning to grow...

While early-payment default rates showed bigger declines, the rate for loans in the most serious delinquency categories remained relatively high. Across all three agencies, 2.92% of loans were four months or more past due, down slightly from the previous month.

Fitch also revealed that Provident received a $20 million equity infusion from an affiliated entity in March. Craig Pica, Provident’s CEO, and members of his family, own a majority stake in the lender.

On Friday, Black Knight Financial released its forbearance tally, finding a 121,000 unit decline for the seven-day period ending Nov. 13.

Wedbush Securities: “While there are many advantages to the SPAC route for both investors and issuers, it has also been an area that has produced disappointing results for some investors in recent months.”