Tom Hutchens of Angel Oak: “We are getting deeper in our markets.”

A one-year-old mortgage startup in California decided to become fully owned by its employees. The concept is rare, but not necessarily new.

The forms of documentation allowed through Sterling's Advantage Loan program are more vulnerable to manipulation and misrepresentation than traditional documentation programs, according to Fitch.

The crux of the matter: “The agencies are aware that the use of certain alternative data may present no greater risks than data traditionally used in the credit evaluation process.”

The boost in securitization came despite headwinds from market dynamics…

Investment bankers that buy and sell mortgage servicing rights are starting to feel like the Maytag repairman. But deal activity is set to improve in the first quarter of 2020, or so they hope.

Under the terms of the deal, BrandMortgage CEO Greg Shumate will become an officer of the bank…

To back up his claims, the FHFA chief cited statistics on loan acquisitions by Fannie and Freddie over the past eight months.

Credit unions, however, continued to grow their holdings of home-equity loans, up 1.9% to $92.5 billion as of the end of the third quarter. New HEL originations edged up 0.7% from the previous period to $9.7 billion.

Private-label commercial MBS issuance likely will climb to $120 billion in 2020 thanks to low interest rates and benign commercial real estate conditions. But there's a never-ending storm cloud: retail.