The MBA reports that new home purchases up 26.1%; Six First Republic private client banking teams join Flagstar; Redfin finds home prices are up 2.1% year-over-year; First Horizon announces new client-focused podcast.

Second quarter mortgage banking revenue at USB came in at $161 million compared to $128 million in 1Q23.

Up until the subprime crisis, Mozilo was one of the most admired and well-respected residential lending executives in the nation.

Pennington worked for Movement for 15-plus years...

Several top lenders have outsourced originations of home equity lines of credit to Figure.

Since early 2022, lenders of all stripes have been laying off workers to right-size their operations for leaner times.

New American funded $2.0 billion of home mortgages in 1Q23, most of it through the retail channel.

The top earner among the 10 public origination/servicing shops was Frank Martell, CEO of loanDepot...

Figure is now offering HELOCs through the wholesale channel.

Staffing levels at servicers are declining, though not nearly at the rate seen on the origination side.