Meanwhile, whatever happened to all that chatter about Amazon.com buying loanDepot?

Residential loan sales by Wells Fargo tumbled 23% while U.S. Bank suffered a 38% sequential decline…

The privately held Stearns originated $4.5 billion of home mortgages during the second quarter, a 45% sequential gain…

The other lenders that Moody's looked at: Ditech Financial, Freedom Mortgage, Mr. Cooper, New Residential, Ocwen Financial, PennyMac Financial Services, Provident Funding Associates and Stearns Lending...

Despite the so-so reading from the government, nonbank mortgage giants the likes of loanDepot and United Wholesale Mortgage continue to hire in large numbers.

Some of the top expanded-credit MBS issuers – including Invictus Capital Partners, Angel Oak Companies, Lone Star Funds and New Residential Investment – issued one security each in the second quarter after bringing two deals each during 1Q19…

It was the heaviest quarterly issuance volume since the July-September cycle in 2017.

In terms of risk layering, some 10.5% of bank loans were in the lowest risk category, with high credit scores and low loan-to-value ratios. Just 8.8% of nonbank loans were in that bucket, according to Inside The GSEs.

If you’re wondering why the deal is taking so long, it’s because COH is a foreign entity and there are certain regulatory hoops to jump through. When originally announced, the sale was valued at $2.7 billion – all cash…

The data analytics firm estimates there are now 8.2 million existing mortgagors who are refi candidates, the largest such cohort since late 2016.