Most publicly traded nonbanks saw declines in origination gain-on-sale margins in the first quarter as the market evolved toward normalcy. Several companies offset declining production income with better performance on servicing. (Includes data chart.) Read More

While correspondent sales volume increased on an annual basis in 2020, two of the top five sellers posted diminished sales. Guaranteed Rate and loanDepot are less reliant on correspondent sales than the other top sellers. (Includes data chart.) Read More

Loan officers’ wallets continued to get fatter in the first quarter, thanks to mortgage origination volumes hitting new records. However, industry bean-counters expect that to change once rates start to increase. Read More

In a bid to diversify its product offerings, New York Community Bank is merging with the mortgage-centric Flagstar. Three other depositories are engaged in M&A deals as well. Read More

Sterling Bancorp recently reached a $12.5 million settlement for allegedly violating the Securities Act. The company is now ready to turn the page on its non-agency past. Read More

Economists looked at security issuance, guarantee fees and prepayment speeds to gauge the market impact of the uniform MBS. Read More

It would appear mortgage job security is at an all-time high these days. Credit the pandemic and lower interest rates. Read More