Consultant Joe Garrett: "Salesmen don’t get paid less just because the company didn’t do well..."

Since the beginning of the year, at least 11 mortgage banking franchises have come to terms with new owners, representing annualized loan production of $70.3 billion – enough volume to rank as the nation’s fourth largest lender, according to figures compiled by Inside Mortgage Finance. [Includes one data chart.]

If you’re looking for a barometer on reform legislation passing, just take a peek at the share price of Fannie and Freddie common.

A Wells Fargo spokesman: "We currently have 33 home lending locations in those states and no home lending team members will be moving to Flagstar as part of this divestiture."

“There could be some sector consolidation down the road,” noted Allen Price, senior vice president in charge of business development for RoundPoint Mortgage…

The corporate shell includes 27 state licenses…

The average loan amount is $10.9 million.

The seller of the portfolio, who was not identified, wants to complete the transaction by July 31.

Although some conventional lenders are struggling with lower volumes, Angel Oak and Citadel Servicing Corp. are humming along...

A commercial bank buying a large mortgage company? Yes, indeed...