Warehouse lenders

Nonbanks continue to expand their share of lending volumes as depositories keep scaling back their business in the residential mortgage space.

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

The National Association of Realtors has called on the Consumer Financial Protection Bureau to make changes to the TILA-RESPA integrated disclosures' post-consummation timelines to provide more lenders wiggle room for rectifying errors.

TRID wasn't as hard on the wholesale channel as was once feared, but some parties involved in the process still either do not fully understand the rule or haven't perfected their operations to handle it.

From electronic closings to e-warehouse lending, these executives are leading a movement to recast the industry's approach to digital.

Warehouse lenders dramatically expanded the amount of credit they were willing to extend in 2015, accommodating a noted increase in originator demand, according to The Reynolds Group's annual warehouse lending survey.

Station Place Securitization Trust 2016-1 plans to issue a $225 million mortgage securitization that will be the first backed by a revolving warehouse lending facility since 2009, according to Moody's Investors Service.

John Kanas, BankUnited's CEO, said the business never turned a profit, and there were no indications that it would. The company, meanwhile, remains committed to other residential lending operations while focusing on expanding its other businesses across Florida.

PNC Financial Services Group reported lower fourth-quarter profits on a decline in fees related to residential mortgages and deposit accounts.

Bryan Sullivan, the CFO at LoanDepot, talks about its growth prospects without fuel from an initial public offering, how getting consumers to opt for home equity lines of credit is tough, and why he considers the nonbank a disruptor.