How much do LOs working at call centers earn per deal? We heard that some shops pay as little as 15 to 25 basis points...

In late January, Steven Sugarman, who built the bank into a well-regarded regional lender, resigned as CEO.

As one executive put it: “January was slow, February was lower, and I can’t tell how March will be yet.”

Then again, Trump has been known to surprise people.

Challenges include higher interest rates, which are translating into lower production volume in 2017…

Piper analyst Kevin Barker and his team estimate that so far in 1Q17, the average refi volume is down 26 percent from fourth quarter levels.

California mortgages account for the large chunk of collateral at 41.2 percent. Texas is a distant second at 10.4 percent.

Bradd Gold of Au Consulting LLC noted that in the year prior to their federal takeover, Fannie and Freddie sold $10 billion of GSE junior preferred.

Meanwhile, selling Ginnie Mae receivables is still a difficult task…

Once the GSEs turned it around and showed a whiff of profit the speculators pounced and bought the shares on the cheap...