During the first quarter, Fairway transferred roughly $5.8 billion of mortgage servicing rights to new owners...

While most industries are dying for workers, mortgage lenders have the opposite problem...

The compensation package could raise eyebrows given that loanDepot’s share price fell to $2.83 Thursday morning.

At Fannie, Shen was responsible for relationships with the mortgage giant’s 1,500 seller/servicers.

The veteran mortgage advisor believes lenders should be instituting more layoffs.

Is the worst of the mortgage rate increases over? Hard to say. Meanwhile, publicly traded nonbanks may be forced to curtail their dividend payments to common shareholders.

One notable: The firm assigned an asset value of 131 bps to its mortgage servicing portfolio for the first quarter compared to 112 bps in 4Q21.

LoanDepot noted Martell “will drive daily operations and lead the company’s diversified multi-channel mortgage origination model"...

The brainchild of industry veteran Michael Strauss, Sprout is a top-10 ranked originator of non-QMs.

FoA lost $1.34 billion in the fourth quarter after booking a large goodwill impairment...