Among the corrections currently sweeping the industry is the salary demands of loan underwriters. Executives say some can be had for half of what they earned during the boom.

The Mortgage Bankers Association barely turned a “profit” last year even though originators had a banner year. If you’re guessing the reason for the performance is COVID, move to the head of the class.

The average loan balance is $254,159...

Except for founder Anthony Hsieh, some loanDepot insiders of late have been selling shares in the company...

F&F volume is down but "nothing terrible," said one investor...

The California-based mortgage servicer also exited correspondent lending.

The average gross profit on a fix-and-flip project in 2Q: $73,7000...

It’s not easy making a living originating loans these days, especially for third-party lenders. The latest firm to exit TPO: Rushmore.

It seems as though whole-loan prices for non-QMs have stabilized. Then again, the Fed just hiked interest rates.

The mortgage industry’s worst kept secret? A lot of originators are losing money on new production. How long can nonbank shops live off the fat of 2020-2021? We’re about to find out.