Correspondent

Flagstar has record quarter driven by 'super-charged' mortgage market

07/28/20

The company's second-quarter net income was $116 million, with mortgage banking revenue of $239 million.

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FB Financial wraps up mortgage refresh with correspondent channel sale

06/27/19

FB Financial is selling its correspondent lending channel to Rushmore Loan Management Services, which will complete the bank holding company's restructuring of its mortgage business.

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Chase Bank hit with downgrade over jumbo mortgage underwriting, fintech gaps

08/24/18

Moody's Investors Service downgraded JPMorgan Chase's prime jumbo mortgage originator assessment to its second-highest rating, citing the bank's growing reliance on correspondents with delegated underwriting authority and shortcomings in its technology infrastructure.

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Four commercial loans flagged as problems at Texas Capital

07/19/18

The Dallas bank reported sizable growth in business and mortgage lending in the second quarter, but it more than doubled its provision for loan losses to cover four credits that went into nonaccrual status.

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