Secondary markets

PennyMac is experiencing explosive growth in the correspondent channel.

The correspondent channel accounted for 49% of Wells Fargo’s residential production in the third quarter.

Unemployment is one of the reasons why the recovery is a slow one.

Allonhill workers who lost their jobs were working on transactional due diligence accounts.

Rumors abound of new jumbo conduits, and there seems to be a little more fire to the smoke than earlier in the year.

Consumers want things done quicker, while regulators want them done right; both will hold the originator responsible.

Is the Federal Reserve gobbling up so much mortgage-backed securities in the secondary market that it’s creating a shortage?

Gradual agency guarantee-fee increases are going to continue, Federal Housing Finance Agency acting director Edward DeMarco reaffirmed.

Sue Allon, CEO and chairman of the firm, confirmed the layoff to National Mortgage News adding that the measure is “due to unforeseen circumstances.”

The Federal Trade Commission has updated its guidelines for anti-identity theft programs.

Refinancings are holding steady, but “have leveled off a little bit.

An originator's point of view on how consumers should shop for their loan.

With 3,500 registered attendees and countless "unofficial" ones walking the halls of the Hyatt Regency, the 2012 Mortgage Bankers Association annual convention had a positive vibe not seen in several years. The theme was "Investing in the American Dream." There were many references to the presidential election, including multiple cutouts of candidates Barack Obama and Mitt Romney in the trade show.

The American Securitization Forum has formally issued a comment letter supportive of a GSE single securitization platform.

If mortgage banking were a stock, how would you trade it? Discuss amongst yourselves.

The Federal Housing Administration is in the process of settling terms with five investors who first placed their bids in September.

Mortgage bankers are bracing for more guarantee-fee hikes from Fannie Mae and Freddie Mac in the months ahead.

Home loan closings were impacted as re-examinations and other forms of inspections needed to take place.

MVB Bank has agreed to purchase Potomac Mortgage Group for $19 million in cash and stock.

Freddie Mac has announced its last new offering of multifamily structured pass through “K” certificates for the year, a $1.1 billion deal set to price this week.