The banking industry grew its servicing-for-others accounts in the third quarter of 2021. Chase, Truist and Fifth Third accounted for a significant share of the industry's gain.
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Mortgage banking income appeared to benefit from both rising gains on sale and stronger net servicing income. The top three banks reported lower earnings from mortgage banking.
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Black Knight increased its earnings in the third quarter of 2021 compared with the prior quarter while Blend Labs took a loss after earning a small profit in the second quarter.
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Pentagon Federal Credit Union, commonly known as PenFed, has entered the arena of lending money to nonbank primary market originators. Details? So far, there are few.
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UI researchers suggest policymakers ensure public investments are equitably distributed across communities because increasing minority homeownership alone won’t be enough to close the gap in housing wealth.
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Lenders and servicers don’t see much use in blockchain technology for now; Mat Ishbia abruptly terminated a stock offering involving United Wholesale Mortgage; federal banking regulators set computer-security disclosure requirements; nCino to acquire SimpleNexus.
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