Credit unions, however, continued to grow their holdings of home-equity loans, up 1.9% to $92.5 billion as of the end of the third quarter. New HEL originations edged up 0.7% from the previous period to $9.7 billion.

Market leader Wells Fargo has acknowledged that correspondent lending has lower profit margins than retail.

Investors see more value in non-QM whole loans rather than securitized credit products…

California accounted for the highest volume of originations of jumbos that could be lost to Fannie and Freddie.

Figure’s co-founder and CEO is Mike Cagney. If the name sounds familiar, it should. Cagney formed SoFi earlier in the decade...

Bank ABS holdings drifted lower in every sector except one: the nebulous “other” category.

In a recent report, Fitch Ratings noted that shortfalls can occur when a mortgage is prepaid before the end of the month, causing only a partial collection of the interest owed by the borrower...

Shea Pallante, executive vice president of Sprout Mortgage, called the non-QM market a “sleeping giant.”

Some market watchers suspect that in the wake of Citadel Servicing striking a deal, other shops might be open to offers as well…