Mortgage
JPMorgan Chase amps up correspondent lending

JPMorgan Chase, the nation’s largest depository bank, increased mortgage origination volume to $ 32.5 billion in the fourth quarter, a 12% gain from the prior quarter. But that doesn’t quite tell the whole story. The Jamie Dimon-led bank increased overall mortgage origination volume ...

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Wells Fargo continues to cede mortgage market share

Wells Fargo, the second-biggest mortgage lender in the nation, continued to cede market share to nonbank rivals in the fourth quarter of 2020. The lender originated $ 53.94 billion in the fourth quarter, a 12.5% decline from the prior quarter, when the bank originated $ 61.6 billion in ...

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Non-QM lending is making a comeback

Even with total credit risk transfers (CRT) and non-QM lending trending down due to seasonality, some observers are predicting a strong beginning to 2021. Officials with dv01, a lending markets analytics company, remain encouraged by low levels of new impairments, which reached pre-pandemic ...

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2021 means new challenges for mortgage lending

For many of us, the start of a new year is usually synonymous with a renewed sense of professional self, focusing on new goals, new prospects for the year and, of course, the excitement for the upcoming spring real estate market. As we think about coming out of this first month of the year, ...

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Homebuyer snags funding to help first-time homebuyers

Homebuyer, an Ohio-based software startup offering digital mortgages to first-time home buyers, announced on Monday it had snagged $ 1.4 million in a seed round from private investors. The company was founded in 2019 by Dan Green, under the mission to make homeownership more inclusive and less ...

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NEXA Mortgage sued over broker’s alleged data theft

In a lawsuit filed last week, a mortgage brokerage claimed that one of its former loan officers stole a database containing client names and information and brought it with him to a new job at NEXA Mortgage. Smart Mortgage, which operates in Illinois, Indiana, Colorado and Florida, filed suit ...

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Three brokers go to war with United Wholesale Mortgage

United Wholesale Mortgage is facing a potentially ugly court battle from a few of its own constituents. Three mortgage brokers in California claim that UWM pulled the rug out from beneath them in March when it changed the commission structure on mortgages that were quickly paid off by borrowers. ...

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UWM’s IPO is now scheduled for January

United Wholesale Mortgage’s (UWM) much-anticipated Wall Street debut is expected to take place on Jan. 22, 2021, the company told HousingWire late Thursday. UWM, the nation’s second-largest mortgage originator by volume, is going public through a merger with a publicly-traded ...

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