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.

CMS launches ITIN product; Liberty Home Mortgage to start using FICO Score 10 T for nonconforming loans.

Carrington promotes CFO to CEO; FHLB of San Francisco approves Change Lending for membership.

Samuel Bjelac is returning to Carrington Mortgage Services to help grow non-QM originations in its third-party origination channels.