The top five banks in this list have a combined mortgage servicing volume of more than $26 billion at the end of the first quarter of 2023. Most banks saw a decrease between Q4 and Q1, but one saw a small rise of 7.91%.
The data in this ranking came from National Mortgage News'
Scroll through to see which banks are in the top 20 and how they fared in Q1.
The top five producers had an average dollar volume of more than $99 million in jumbo production.
The Biden Administration's title waiver pilot has started a broader discussion on whether the product is worth the money paid or even needed at all and can be replaced by an alternative.
The Philadelphia-based bank's parent company, Republic First Bancshares, had been roiled by a yearslong proxy battle involving activist investors groups and its former CEO.
Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
