At Sept. 30, the Charlotte-based nonbank listed cash and “cash equivalents” on its balance sheet of $50.5 million, half the figure published at Dec. 31.

PennyMac Financial Services was the most active seller-issuer in October with $15.73 billion. Quicken Loans was close behind at $14.10 billion…

The GSE regulator said later on he found out that “lender A and lender B” were getting a different set of terms…

So now the big question: Are nonbanks really that risky when compared to depositories? A few decades ago, Congress had to bail out the savings and loan industry to the tune of $150 billion.

Compared to the same month a year ago, both sectors have trimmed workers: mortgage bankers by 5,300, brokers by 3,800.

According to a new tally from Inside Mortgage Finance, refis accounted for 47.6% of first-lien originations in 3Q19 compared to 35.9% and 35.2% in the second and first quarters, respectively.

PennyMac – launched by former Countrywide Financial executive Stanford Kurland in 2008 – has been using the MSP servicing platform since its inception.

In case you haven’t noticed, the yield on the benchmark 10-year Treasury was at 1.86% as IMFnews went to press compared to 1.46% in early September. That’s a difference of 40 basis points…

Purchase-loan activity increased significantly and continued to account for most agency business.

There was some positive news in the form of originations. Ocwen funded $412.2 million in forward and reverse mortgages in 3Q, declaring that its annualized run rate (based on October production) now totals $2.6 billion.