Financial institutions

The mortgage upstarts that transformed the industry after the U.S. housing crash are now facing their own shakeout.

Walter Investment Management Corp. sank into a deeper $172.7 million net loss during the first quarter, as lower interest rates caused pressure on the company's mortgage servicing rights valuation.

Posting educational videos on YouTube and social media helped Cherry Creek Mortgage's Kelly Zitlow land a spot on Lifetime Network's "Designing Spaces." The unique opportunity let her share knowledge about mortgages and extended her marketing reach.

A downturn in origination volume, offset in part by improved gain-on-sale margins, has led to a slump in mortgage banking revenue, according to Keefe, Bruyette & Woods.

Servicing rights are high-yielding assets, making them attractive investments for hedge funds, real estate investment trusts and banks.

With consumers generally averse to risk, financial institutions have an opportunity to rethink what it means to make bets in line with their customers' well-being.

For banks looking to enter or expand their mortgage servicing rights business, there is a pressing question: Are the best years for MSRs behind us or do current market conditions offer a favorable risk/reward opportunity?

Ocwen Financial Corp. has fulfilled its consumer relief obligation under the National Mortgage Settlement ahead of schedule. But that doesn’t mean it’s in the clear yet.

Cost improvements weren't enough to keep Ocwen Financial Corp. out of the red during the first quarter.

Technology startups diving into mortgage lending are doing a lot of things well … except servicing, warned a mortgage industry consultant who has advised them.

Quicken Loans plans to appeal a recent federal labor ruling that the Detroit lender and other companies owned by Dan Gilbert violated employees' rights.

Hint: businesses should be focused on data strategy and security, from the individual up to the enterprise level.

An Altisource Residential Corp. affiliate is taking management's side in the real estate investment trust’s fight with activist investors.

Congress should consider giving direct authority over nonbank mortgage servicers to the Federal Housing Finance Agency, according to a report released Monday by the Government Accountability Office. The report said there should be "parity" among financial regulators in the oversight of regulated entities and third parties they do business with.

The USDA mortgage production operation makes up a very small part of JPMorgan Chase's overall lending business.

A jury awarded Mount Olympus Mortgage Co. more than $25 million in a lawsuit alleging "corporate espionage" by former employee Benjamin Anderson and his new employer, Guaranteed Rate.

Appellate courts are officially playing pingpong with underwriters' employment status, leaving lenders to decide whether or not they qualify as employees exempt from minimum wage and overtime pay — and open to regulatory scrutiny.

The Securities and Exchange Commission is looking at whether mortgage servicers are boosting profits by prematurely unleashing debt collectors on delinquent borrowers, a person with direct knowledge of the matter said.

With the countdown of the 2016 Top Producers rankings now complete, check out the entire list of this year's best loan officers and brokers.

As a handful of new issuers enter the market and the implementation of a key regulation pave the way for subprime securitization's comeback, the volume of new loans that are actually available to the market remains a question.