Correspondent

The broker/wholesale business was by far the smallest origination segment for the company.

Refinancing drove a 75% year-over-year increase in mortgage banking revenue during the first quarter at Flagstar Bancorp as it shored up its operations to avoid other negative repercussions from the coronavirus.

Correspondent loan sellers are hoping the new GSE purchases will help to open a market frozen by coronavirus-related risk — but the prices offered so far aren't too promising.

Impac Mortgage temporarily shut lending operations and furloughed 333 workers due to market turmoil tied to the novel coronavirus.

The lender is one of many taking advantage of the disruption in the market to grow their businesses.

Impac Mortgage Holdings suspended all mortgage lending activity for a two-week period effective March 31, citing liquidity constraints at the company's secondary market counterparties as a result of the coronavirus.

Servicers' struggle to retain borrowers mounted in the fourth quarter when a type of loan that is tough to recapture rose to a more than 10-year high, according to Black Knight.

Mortgage lenders are increasingly introducing new loan programs outside of typical underwriting parameters in line with indicators suggesting that the availability of credit in the housing finance market is growing.

River City Mortgage is staging an eight-state expansion of its footprint, and recently hired Carrington Mortgage Services President Raymond Brousseau to help oversee and direct its growth.

Record originations helped Mr. Cooper Group generate its first full-quarter profit since its formation through a merger between WMIH and Nationstar last year.