“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…

Depositories accounted for 24.6% of last year’s production, down from 25.4% in 2017.

The broker share of the market increased to 13.2% for all of last year…

Nonbanks reached a milestone in 2018: They became the dominant source of new issuance of Fannie/Freddie MBS…

The FHA and VA loan programs also get special treatment under the ability-to-repay rule…

Some 20% of lenders surveyed expect profit margins to increase in 2Q19, up from an 11% share the previous quarter…

Thanks to its bankruptcy filing, Ditech’s future as a subservicer is in doubt…

Bank of America reported $1.04 billion in mortgage repurchases last year, or 45.3% of the industry’s total.

Added MBA’s Walsh: “On the servicing side of the business, mortgage servicing impairments resulting from December’s drop in interest rates hurt profitability.”

Usually, mortgage banking is a counter-cyclical business, but not always...