The lender, which crossed the $1 billion origination mark for the second consecutive quarter, is bullish on several new mortgage partnerships.
For the second consecutive week, the 30-year fixed rate mortgage increased as investors were still sorting through the lack of information due to the shutdown.
The government shutdown added an additional dose of pessimism about the U.S. economy to panelists' outlooks, Wolters Kluwer said in its latest survey.
Two government-sponsored enterprises are looking into expanding mortgage transfers between borrowers, according to the head of their oversight agency.
Total foreclosures rose 3% from September and 19% from the same time a year ago in October, marking the eighth straight month of increases.
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Origination has picked up but has limits, retention rates are improving and stakeholders are seeking a recapture standard, experts at an industry meeting said.
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The hidden costs of homeownership total nearly $16,000, rising 4.7% in the past year.
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Yields were higher by as much as three basis points, led by tenors more sensitive to changes in Fed policy.
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A Georgia resident filed the suit after receiving two unsolicited calls from the lender in October even though her number appeared on the Do Not Call registry.
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The Consumer Financial Protection Bureau, building on an executive order by President Trump, wants to eliminate the legal framework of "disparate impact" from its implementation of the Equal Credit Opportunity Act.
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Third-quarter mortgage earnings revealed swings in profitability, but the real story, according to the Chairman of Whalen Global Advisors, is that hedging MSRs is unnecessary for well-managed lenders.
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Mortgage groups want GSEs to buy MBS to lower rates, but the Chairman of Whalen Global Advisors writes that the plan is risky, unnecessary, and poorly timed.
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Several claims in a recent Loan Think column misrepresented how credit scores and resellers work in mortgage lending, according to the president of the National Consumer Reporting Association.
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ON-DEMAND VIDEOWill the Federal Reserve cut rates in October? BNP Paribas Chief U.S. Economist James Egelhof discusses the meeting and Chair Jerome Powell's press conference.
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ON-DEMAND VIDEOThe mortgage regulatory environment is constantly in flux. Join Firstline Compliance's Josh Weinberg as he discusses how technology can address lender concerns.
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ON-DEMAND VIDEOHow did Pennymac grow into a leading TPO player? Wholesale chief Kim Nichols describes the lender's rapid rise, and weighs in on the impact of trigger leads, LO
