Have a personal line of credit with Wells Fargo? Cherish it while you can. The bank is yanking the product by summer’s end.

Incenter Mortgage Advisors is known mostly as a servicing broker and whole loan trader, but through an affiliate it wants to help nonbank mortgage firms tap the student loan market. Will it fly?

Fannie Mae is feeling slightly more bullish on the origination picture for 2021. Also: Are lenders ready to chop heads?

With home prices continuing to increase, jumbo lending — a must menu item for California shops — is now gaining popularity in other states.

Most lenders are confident non-QM lending will bounce back to pre-pandemic levels thanks to strong demand for purchase mortgages.

The powerful consumer regulator said extending the compliance date of the general QM final rule will give lenders more time to use the GSE “patch.”

Some non-QM lenders weathered market volatility in March 2020 without halting production while others took a few months off. Now, two of the top players in the sector are ready to increase production.

Volatility in the secondary market for non-QMs receded within two months but originations are still nowhere near pre-pandemic levels. Reason: lenders focusing on agency refis.

The new standards for qualified mortgages will provide lenders more underwriting options. But how much change that will bring in product market share remains to be seen.

Primary/secondary spreads are thinning. Meaning? Also, former Fannie executive Andrew Bon Salle lands at Home Point right before its IPO.