JPMorgan Chase reported a hefty gain in mortgage-banking income during the second quarter, but most banks saw declines as gain-on-sale margins declined. (Includes data table.)
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The retail channel’s share of agency MBS production slipped from 47.4% in the first quarter to 45.6% in the second quarter. The correspondent and broker channels gained share. (Includes two data tables.)
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Rocket is turning profits again after taking a loss in 2023. Now the lender is working to regain the market share it lost, using various strategies for both purchase mortgages and refinances.
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Shifting the burden of title insurance from borrowers to lenders may not provide the best overall cost savings, according to economists at the Urban Institute.
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New to the servicing sales arena? Been keeping your portfolio forever and are ready to off-load some of it and book a gain? There’s a few basic things you should know.
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Lenders should carefully consider geographic-specific data when crafting special purpose credit programs, according to an Urban Institute report on designing SPCPs.
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