Carrington Mortgage is set to acquire Valon Mortgage, which primarily operates as a subservicer with a focus on Ginnie Mae loans.

The transaction includes servicing on 800,000 loans representing about $197 billion in unpaid principal balance.

A new Inside Mortgage Trends analysis showed a total of $164.28 billion of agency MSR changed hands in the first three months of the new year, down 84.1% from the prior quarter.

The sale proceeds Tiptree is expecting from its pending sale of Reliance First Capital are tied to the book value of the mortgage unit.

The AARP Foundation filed a class action lawsuit against Celink, Finance of America Reverse and Carrington Mortgage Services claiming that they unlawfully charged home equity conversion mortgage borrowers prohibited fees.

Carrington Mortgage and Rate launched new tools to reach borrowers with limited English proficiency.

Carrington has acquired Reliance First Capital from Tiptree in a move to bolster its retail lending channel.

Nonbanks are offering discounts ahead of a spring homebuying season filled with uncertainty.

Click n’ Close expands shared appreciation mortgage product offering; and Kiavi promotes Tim Lawlor to the post of chief financial officer.

Some planned MSR sales are being scrapped because the seller has the MSR marked at a higher level than the highest bid.