Although originations and net income increased at PennyMac Financial, the company took a loss on servicing activities during the fourth quarter due to hedges.

The fourth-quarter burst of CRT issuance represented a 70.7% increase from the prior period…

Despite the slippage, Wells and JPM still rank first and second, respectively, in agency servicing…

In the grand scheme of things, longer close times may not seem like a disaster but for nonbanks using warehouse lines of credit that means loans have longer dwell times…

Nonbanks took huge strides in GSE servicing as well: Their combined portfolio rose 10.4% from 2018 to $2.009 trillion…

Lori Brewer of LBA Ware: “Despite speculation that lenders’ efforts to reduce operational costs would include curbing loan originator commissions in 2019, our analysis shows that base commission for LOs did not significantly change from 2018 to 2019.”

If the Dow blows sky high interest rates could crumble…

Not a good sign: The three banks in the top five shed a combined $38.1 billion during the final three months of the year…

Sprout funded $2.78 billion of originations in 2019, with an emphasis on non-qualified mortgages.

Flagstar also revealed $4.9 billion of "flow” servicing sales during 4Q19...