A handful of top lenders posted significant gains in production volume in the first quarter of 2019 compared with the previous period. But many more shops saw double-digit declines in first-lien mortgage lending.
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Liquidity problems may be a major driver of increased merger and acquisition activity in 2019. Although bulk MSR buyers may be taking a pause to parse interest-rate trends, volume is expected to be strong this year.
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Are nonbanks really facing a coming liquidity crisis or is it just fear-mongering? It may depend on who you work for, but a recent op-ed piece by Caliber Home Loans CEO Sanjiv Das has kept the debate alive.
The Urban Institute says mortgage servicing compensation has been largely overlooked in the debate over housing-finance reform even though it plays a critical role.
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Owners of private mortgage firms often take cash out of their companies as a way to preserve wealth, but usually no one knows about it. A recent SEC filing by Mr. Cooper provides certain details on such a maneuver by a recent acquisition, Pacific Union Mortgage.
Quicken Loans last week allowed short-term rental income from Vrbo, a vacation rental platform, to be used to qualify for a refinance. Some other lenders are exploring similar approaches.