The top five depositories have a combined wholesale volume of nearly $18 billion at the end of Q3 2023. https://www.nationalmortgagenews.com/list/21-banks-with-the-largest-wholesale-mortgage-volume-in-q3
NextGenMortgage
PrimeLending says volume may be higher in 2024
At the same time, the Hilltop Holdings unit expects its gain-on-sale margins to remain pressured in the coming year. https://www.nationalmortgagenews.com/news/primelending-says-volume-may-be-higher-in-2024
Advisory firm launches platform for banks to sell loans quickly
Clark Street Capital said it developed a service to pair sellers with multiple potential buyers within just two weeks. It's meant to help small lenders close deals fast while still getting the benefits of a bidding process....
Consumer spending behind Fannie’s change on recession
Its January forecast reverses the call first made in April 2022 that the U.S. economy would slip into an extended downturn. https://www.nationalmortgagenews.com/news/consumer-spending-behind-fannies-change-on-recession
Mr. Cooper’s cybersecurity incident triggers class action suits
At least two legal actions have been filed in a Texas federal court. https://www.nationalmortgagenews.com/news/mr-coopers-cybersecurity-incident-triggers-class-action-suits