Nonbank

In 1979, mortgage bankers worried that they could be undercut by "sleeping giants" like Merrill Lynch, Sears Roebuck and what was then called Master Charge.

Consumers' growing confidence about their ability to qualify for a mortgage is generating more foot traffic, sales orders and loan volume for some of the nation's largest homebuilders.

New Residential Investment Corp., real estate investment trusts, residential mortgage bonds, mortgage servicing rights

Walter Investment Management in Tampa, Fla., said its second-quarter loss widened, as it recorded a goodwill impairment charge in its reverse mortgage division.

PennyMac Mortgage Financial Services reported a rise in income on higher servicing and origination revenue.

PHH Corp. reported losses of $62 million for the second quarter, driven by major increases in operating expenses and a $46 million loss in the servicing segment.

M&T Bank's disclosure that it is in settlement talks with the Justice Department for not complying with underwriting guidelines on FHA loans has renewed fears that more lenders will be targeted.

United Wholesale Mortgage has introduced software to help brokers and correspondents close loans faster.

Employment in the mortgage banking and broker sector has grown 5.8% since June 2014.

Competition among lenders has been good for homebuyers.

Walker & Dunlop reported a higher second-quarter profit, citing gains from mortgage banking and servicing fees.

Capital One Financial is in exclusive talks with General Electric to buy the company's health-care finance unit, people familiar with the matter said.

Stonegate Mortgage reported a large increase in second-quarter profit on higher originations and a larger servicing portfolio.

NorStates Bank has selected HomeBridge Financial Services to provide origination of residential mortgage loans.

Ocwen Financial Corp. reported lower income year-over-year as servicing revenue fell steeply, despite the gains from the sale of nonperforming loans.

Nationstar Mortgage Holdings returned to profitability in the second quarter after the previous quarter's significant loss.

Consumers hold tight to the belief that servicers are only concerned about their ability to make payments, despite a growing industry focus on customer experience.

The range of loan products offered by mortgage lenders and investors has been narrow since the housing crisis, but a few underserved niches are starting to make a comeback.

The bankruptcy of Wingspan Portfolio Advisors epitomizes the existential crisis facing default servicing. This once-thriving sector of the mortgage industry now finds itself declining in lockstep with the drop in loan delinquencies and foreclosures.

Ellie Mae will add new integrations of Fannie Mae's automated loan review technology to its loan origination system to help lenders ensure loans remain eligible for sale throughout the underwriting process and eliminate surprises at the end.