Some of the nation’s largest originators – including Quicken Loans, United Wholesale Mortgage and Freedom Mortgage – are reporting record originations for August, a boom that’s also resulting in headaches industry-wide: namely appraisal and underwriting delays. At this point, few are describing the delays as a crisis, but with September half over, certain originators fear that longer closing times will eat into profits while angering borrowers. “I have...

One mortgage branch manager described the underwriter shortage as a “big time” problem.

Ocwen gets an upgrade, but there are doubters...

It’s not clear how many of the consumers with unauthorized accounts had mortgages with Wells, though the megabank and its peers have put an emphasis on cross-selling financial products to jumbo customers.

It's hard out there for a hedge fund (suing the government regarding the GSEs)...

And one big no-no, the consulting firm points out, would entail the new owner making substantive changes to loan officer compensation plans…

Meanwhile, one mortgage executive told us that earlier in the year Impac approached his shop about a sale. This executive, who did not want his company identified, turned Impac down…

In the fourth quarter of last year, Walter/Ditech made a decision to exit the consumer retail channel, selling branches where possible and laying off staff.

Retail nonprime/non-QM originator Angel Oak Home Loans is continuing its national expansion...

What Stevens describes sounds like something a trade group might want to do...