Nonbank

Nonbank mortgage employment fell in January, but could subsequently surge as lenders seek to capture business while rates are low, the job outlook is favorable, and the coronavirus is contained.

The cancellation by New Residential of a money-losing subservicing agreement should benefit Ocwen's financial results going forward, the company said.

Franchisees of Remax Holdings' Motto Mortgage combined to originate over $1 billion in loans in the organization's third year of operations.

The CEO of Freedom Mortgage, Stanley Middleman, provides his take on trends affecting independent mortgage bankers as well as the residential real estate finance industry at large.

Unexpected rate drops and other factors drove a surprising rebound in nonbank mortgage hiring during what is usually a slow season.

To paint nonbanks as a source of systemic risk, particularly given the track record of commercial banks in causing the 2008 subprime mortgage fiasco, seems absurd.

The Federal Housing Finance Agency plans to increase liquidity standards for nonbank conforming loan servicers, and at the same time raise the net worth requirements for those that also perform the function for Ginnie Mae.

After being range-bound for several weeks, mortgage rates are fluctuating enough to spur significant changes in refi incentive, according to Black Knight.

The estimated number of mortgage professionals employed by nondepository institutions inched down in November 2019 following a surge in the previous month.

California Gov. Gavin Newsom plans to ask the legislature to revamp the current Department of Business Oversight and rename it the Department of Financial Protection and Innovation, modeled after the federal CFPB.