Secondary

PennyMac is experiencing explosive growth in the correspondent channel.

The correspondent channel accounted for 49% of Wells Fargo’s residential production in the third quarter.

Unemployment is one of the reasons why the recovery is a slow one.

Allonhill workers who lost their jobs were working on transactional due diligence accounts.

Rumors abound of new jumbo conduits, and there seems to be a little more fire to the smoke than earlier in the year.

Consumers want things done quicker, while regulators want them done right; both will hold the originator responsible.

Is the Federal Reserve gobbling up so much mortgage-backed securities in the secondary market that it’s creating a shortage?

Gradual agency guarantee-fee increases are going to continue, Federal Housing Finance Agency acting director Edward DeMarco reaffirmed.

Sue Allon, CEO and chairman of the firm, confirmed the layoff to National Mortgage News adding that the measure is “due to unforeseen circumstances.”

The Federal Trade Commission has updated its guidelines for anti-identity theft programs.