Wholesale lenders

Even as the company posted record numbers, it could have originated more loans if it had not stopped buying FHA and jumbo mortgages from brokers.

The acquiring company does business under the name Excelerate Capital and will extend that name to Castle in order to expand its footprint.

This is the third nonbank mortgage company offering in a row to decrease its size, but the reductions were more severe than the others.

The expected pricing range is between $19 and $21 per share if all 14.4 million shares to be offered are sold.

United Wholesale Mortgage is the third nonbank lender to complete the process of going public since the wave of announcements started last year.

Bon Salle joins Home Point as the Ann Arbor, Mich.-based nonbank mortgage lender plans to go public.

The company is following in the footsteps of Michigan-based rivals Rocket Cos. and United Wholesale Mortgage.

The deal will add wholesale production to Guaranteed Rate's retail business.

Smaller lenders should consider positioning themselves for acquisition at a time when they can be making the most money.

Earnings increased by 81% year-over-year as its gain-on-sale margins grew nearly 2.5 times.

This unit helps Axia increase market penetration to the more densely populated areas of the state.

The donation will go through the Association of Independent Mortgage Experts in an effort to expand and diversify opportunities in the industry.

Wholesale's technological capabilities and its scalability have been increasingly attractive to lenders given the recent surge in volume.

Weeks after Rocket Cos. launched its own IPO, the wholesaler is merging with a special-purpose acquisition company in a deal that values it at over $16 billion.

Freedom Mortgage's acquisition of RoundPoint Mortgage Servicing gives it a MSR portfolio of over $300 billion.

Perry Hilzendeger’s new role as president of mortgage servicing for Home Point Financial is in line with a previous role he had, and follows broader executive changes at Wells.

The company's second-quarter net income was $116 million, with mortgage banking revenue of $239 million.

The chairman of the Association of Independent Mortgage Experts is distancing himself from the organization after a Quicken Loans executive's wife filed a defamation lawsuit against him for vulgar group texts.

Remarks that the head of the mortgage broker association made about a Quicken Loan executive's wife in a video text exchange led to a defamation lawsuit, and housing-finance companies are taking sides.

A man who started a mortgage brokers group issued a statement indicating he regretted saying "lewd" personal things about a Quicken Loans executive’s spouse while sparring over a professional matter.