Nonbank

A previous career in the restaurant industry sparked an idea that helped Chong Yi nearly double his production dollar volume.

Big banks have drastically reduced their share of the Federal Housing Administration market, a massive shift that has big implications, according to new analysis by the American Enterprise Institute.

PennyMac Mortgage Investment Trust is now offering sellers the option to have the company underwrite the whole loans it purchases.

The mark of an excellent salesperson is the ability to progress even in challenging markets. Here's a look at the loan officers featured in the Top Producers Rankings who logged increases of more than 75% of their previous year's dollar volume of mortgage originations.

So far, 2016 has brought legal battles, election woes and TRID-related headaches to the mortgage industry, among many other major issues.

Mortgage lenders, debt collectors and credit card companies have borne the brunt of the Consumer Financial Protection Bureau's public enforcement actions over the past four years, yet banks have paid the most in penalties and restitution, according to a new study released by an agency insider.

Lisa Nicholas' determination to be the mortgage industry expert in her market propels her business upward and helps fuel the success of her business partners.

An executive from Regions Financial said recently that his bank plans to pad fee income by expanding into syndication of low-income housing credits. The comment shed light on an increasingly competitive business — and reminded the world again how eager banks are for even incremental boosts to revenue.

Independent mortgage banks and mortgage subsidiaries of chartered banks managed to grow profits from the fourth quarter despite lower interest rates and production volume, according to the the Mortgage Bankers Association.

The second mortgage is on its way back, and some lenders could have an advantage in the competition for the piggyback loan business.