Wells Fargo: “Home lending revenue [was] down 21% from 3Q20 on lower servicing income and MSR valuation adjustments reflecting higher prepayment.”

The Golden State remained the largest source of insured agency business, accounting for 13.2% of the total market.

Depository institutions saw their combined agency servicing shrink 2.5% from the third to the fourth quarter, squeezing their share of the market to 42.2%.

loanDepot’s biggest investor is Parthenon Capital Partners, a private equity firm...

The rock-bottom interest rates had substantially less impact elsewhere in the structured-finance market...

On Friday, Black Knight released its weekly forbearance report, declaring that 5.2% of all mortgages were in some form of relief, a 92,000 unit decline for the seven-day period ending Jan. 5. The data analytics vendor said despite what looked like positive news, it cited a “troubling slowdown in the rate of improvement.”

Although a press statement on the transaction notes the number of shares and price range has yet to be determined, the S-1 filed with the SEC says the maximum offering size is $100 million.

Sound crazy? Not necessarily and not if you factor into the equation the fact that company owners — should they so choose — have the right to pull cash out of their firms.

When lending volume slows, the share of higher-risk loans typically grows as well...

Between 2014 and 2018, Renovate America issued 13 PACE ABS, amassing a volume total of $2.83 billion. However, the company didn’t issue a single deal after May 2018...