The eight nonbanks – including the top publicly traded firms that rank high in originations, servicing or both – posted a combined $40.5 million in mortgage-banking income during the first quarter.
Fannie, Freddie and Ginnie all posted solid gains in volume during April, but Ginnie had the strongest increase with issuance rising more than 32 percent…
In the first quarter, the top sequential gainers were all nonbanks: loanDepot (up 50.6 percent), Caliber Home Loans (46.2 percent) and Stearns Lending (22.6 percent.)