However, some lenders, including Flagstar Bancorp, are being careful about adding new workers.

GSE purchase-mortgage business cooled off, falling 4.9% from the previous month, but refi volume jumped 13.3% to $70.5 billion in November.

In general, banks and thrifts have been pulling back from the MSR market since 2009...

What’s so interesting about the Sterling disclosure is that it comes from a bank. For the most part, depositories have shied away from non-QMs unless it’s jumbo product made to wealthy individuals…

The boost in securitization came despite headwinds from market dynamics…

Credit unions, however, continued to grow their holdings of home-equity loans, up 1.9% to $92.5 billion as of the end of the third quarter. New HEL originations edged up 0.7% from the previous period to $9.7 billion.

Both the FHA and VA sectors saw declining securitization volume, but the VA took the bigger hit, a 12.1% drop from October.

Market leader Wells Fargo has acknowledged that correspondent lending has lower profit margins than retail.

California accounted for the highest volume of originations of jumbos that could be lost to Fannie and Freddie.