According to data from state regulators, the largest nonbanks in the mortgage space have approximately four times as much debt as equity.

With refinance activity surging, retail platforms were kept busy writing replacement loans for their existing servicing clients.

Along with the increase to the baseline limit, caps on Fannie Mae, Freddie Mac and government-insured loans in high-cost areas would also rise, to as much as $760,000…

Correspondent production of FHA/VA loans rose 25.8% from the second quarter, although retail actually recorded a higher increase.

FHFA Director Mark Calabria: "That might be fine for a normal company, but these are companies that are in conservatorship. They’re essentially in bankruptcy.” 

The number-one-ranked MI firm has a market share of 19.6%. The number-five-ranked shop is at 16.1%. Quite a foot race…

Based on third quarter figures compiled by Inside Mortgage Finance, FHA lending accounts for 10.17% of the overall first-lien origination market.

“The purpose of this letter is to notify you of our findings, outline VA’s expectations regarding your efforts to cure noncompliance, detail what actions you might take and inform you of the actions VA will take if your curative efforts fail to bring the loans into compliance,” the correspondence reads…

Veterans United Home Loans, Quicken, and United Wholesale Mortgage ranked first, second and third, respectively among VA originators…

SitusAMC is working on several potential MSR transactions as well...