Origination

The wholesale lender's net income of nearly $330 million factored in a $170.5 million hit from a reduction in its mortgage servicing rights fair value.

Acting FHFA Director Sandra Thompson's decision to act immediately rather than taking the time to examine the impact likely harmed private-label securitizations in the short term, but issuance is still on course for a record year.

The number of plans is less than one-fourth of what it was at its pandemic peak, and many are expiring, so the group will replace the weekly measure with a monthly one.

The two fintechs look to streamline document capture and credit decisioning for lenders.

More aggressive pursuit of government-related agencies’ affordable housing mission is expanding product availability, but government intervention can be a double-edged sword.

All six companies, however, remained highly profitable, as the delinquency and forbearance outlook is favorable for the possibility of rising claims payments.

Sue Barber takes over the position after leading its Northeast division.

Plans to taper rate stimulus could further dampen industry employment, depending on the extent to which decreased volume is offset by staffing needs driven by the shift to work-intensive purchase loans.

While the company produced $88 billion during the period, it had a major margin squeeze in its TPO Pro channel.

With its agreement to buy KS StateBank’s residential mortgage operation, Kansas-based Armed Forces is going all in on home lending.