The trade group first launched its GSE task force in late 2012 with 17 initial executive members, including Bob Ryan, a Wells Fargo executive who is now the acting deputy director of the division of conservatorship at the Federal Housing Finance Agency.

We understand that some surprising names are beginning to show up at auctions for nonprime, non-agency whole loans...

On a loan count basis, Michigan represents the largest chunk of the portfolio at 37.1 percent.

On Impac’s wish list: buy others, grow servicing and make more non-QM loans…

A reason to go digital? According to one study, the mortgage market consumes almost 2.2 billion sheets of paper annually, which is equivalent to more than 260,000 trees...

But there was some good news: BofA reported $4.05 billion of second lien production in the first quarter, a 13.7 percent improvement from the prior period.

In 2016, Movement Mortgage added 201 branches in five states. It now has 662 locations in 47 states.

Of course the bigger question is this: what role, if any, will the Fed play in deciding the future of Fannie and Freddie?

According to President Jerry Selitto, the company used traditional LOs when it launched in 2016, but then switched gears “after we realized that’s not the model we wanted.”

For Wells, the bigger question might be: did its “account fabrication” scandal of 2016 (which is still reverberating at the company) affect its mortgage business?