GE Hit with $1.5 Billion Penalty from DOJ for Problems with Pre-Crisis Mortgages April 15, 2019 Brandon Ivey WMC Mortgage "jacked up volume without controls," according to a member of General Electric's corporate audit staff.Read More
Wells Fargo's First Quarter Results Suggest Mortgage Apps are Now Booming April 12, 2019 Paul Muolo Wells' results also suggest that better days are ahead for originators everywhere...Read More
Lenders Fear Expanded HMDA Reporting Could Lead to More Scrutiny April 9, 2019 Yemeng Yang More data = more scrutiny?Read More
Look Who’s Gaining in the Agency Market: Loan Brokers April 9, 2019 John Bancroft Retail-originated loans accounted for 47.0% of first-quarter agency business, the lowest share since loan-level MBS data became available in 2013…Read More
Non-QM Production Up 40% at Citadel April 8, 2019 Paul Muolo Citadel could break the $3.0 billion mark in non-QM servicing by the end of May…Read More
High-Volume Sellers Gain Market Share with Fannie and Freddie April 8, 2019 John Bancroft Fourth-ranked UWM was among the few top sellers to increase its GSE loan sales in the first quarter…Read More
First-Lien Holdings by Banks Head North April 4, 2019 Brandon Ivey New residential loans going into bank portfolios include mostly non-agency mortgages, with some exceptions…Read More
Jumbo Correspondent Channel Gains Market Share April 3, 2019 Brandon Ivey Strategies for jumbo originations vary among the top three producers, all of which are megabanks...Read More
Mortgage Applications Spike by Almost 19%, UWM Coming Off Record Quarter April 3, 2019 Paul Muolo “Refinance borrowers with larger loan balances continue to benefit, as we saw another sizeable increase in the average refinance loan size to $438,900 – a new survey record,” said MBA’s Joel Kan…Read More
The (State-Licensed) Nonbank Origination Share for 2018: 54.8% April 2, 2019 John Bancroft Depositories accounted for 24.6% of last year’s production, down from 25.4% in 2017.Read More
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