Joe Garrett added: “…if you keep mediocre producers around, it sends a message that you tolerate mediocrity…”

Second-ranked Chase Home Finance serviced $176.60 billion of jumbos at June 30, up 4.1 percent compared to 1Q16…

Impac president Bill Ashmore said that at the end of 2Q, the lender had a $115.0 million pipeline of non-QM originations, about level compared to the pipeline the lender had at the end of the previous quarter.

Non-QMs will account for 20.2 percent of the planned $302.71 million JPMorgan Mortgage Trust 2016-2.

Freedom had $13.27 billion of originations in the second quarter, up 42.5 percent from the previous quarter, according to Inside Mortgage Finance.

On loan applications for 30-year fixed-rate conventional mortgages received in June 2016, the average loan size was $316,000, up from an average of $259,000 in June 2012, according to the Mortgage Bankers Association.

HUD said the final rule will create efficiencies in property disposition and help HUD obtain the greatest value for REO properties.

Most of the new requirements under the CFPB servicing rule will take effect in a year…

Several mortgage brokers believe their industry wasn’t well represented on the panel…

S&P said the upgrade was prompted by improvements to Ocwen’s “control environment,” among other items…