NewRez, Lakeview and Mr. Cooper ranked as the top bulk buyers of agency servicing in 2019. Coissuance volume was flat in the fourth quarter despite a rise in overall agency securitization. (Includes three data charts.)
Read More
Wells Fargo and Chase continue to dominate the industry, accounting for over half the combined mortgage banking income for 21 top banks. Group in-come was down in the fourth quarter, but a strong second half lifted annual earnings over 2018 levels. (Includes data chart.)
Read More
Rates are on a downward slope once again, which means mortgage and housing economists may want to rethink their origination forecasts for 2020.
Read More
Despite talk that lenders would reduce loan originator compensation in 2019, comp increased on an annual basis. Lenders could reduce LO comp this year with refi business expected to decline.
Read More
Policymakers should focus on making origination and servicing attractive to banks and nonbanks alike instead of adopting additional standards that apply to non-depositories, the Mortgage Bankers Association says.
Read More
Lenders can take a number of steps to help ensure that borrowers are satisfied with the origination process, making them more likely to recommend the lender to friends and family.
Read More
The intensity of information technology adoption at banks played a role in loan performance during the financial crisis, according to a working paper by the International Monetary Fund.
Read More