Retail production continued to gain market share in conventional-conforming lending, the biggest mortgage sector, but correspondent and broker share rose in the government and jumbo markets. (Includes two data charts.)
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The nation’s largest table-funder, United Wholesale Mortgage, is giving its broker partners an ultimatum: If they work with Rocket Mortgage or Fairway Independent Mortgage, they can’t work for UWM.
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Banks continued to allow their portfolios of servicing for others shrink during a year when MSR production levels set records. (Includes data chart.)
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After an anomalous spike in the third quarter, bank repurchase volumes returned to normal levels in the final three months of 2020. (Includes data chart.)
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Bank acquisitions in the mortgage space have been few and far between the past few years. Still, officials at Western Alliance believe it makes perfect sense for the bank to acquire AmeriHome Mortgage.
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Although lending volumes are still robust, managers are looking at cross-training employees to handle a shift from originations to servicing.
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EarnUp offers payment and saving-services to consumers and is using the access to borrowers’ bank accounts to provide insights to mortgage servicers.
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