It’s no secret that aggressive mortgage banking firms are recruiting top executives and loan officers away from other firms. One of the busiest recruiters that we know of its Mortgage Master of Walpole, MA.

The $75 million in financing includes $50 million from a Wall Street firm and a $25 million line from a California commercial bank.

The researchers confirmed that homebuilder originations from 2001 through the end of 2008 tended to go to lower credit-quality borrowers compared with originations from unaffiliated lenders.

Zach Oppenheimer, a senior vice president at Fannie Mae, said it’s a positive development that more private capital is coming into the mortgage servicing space.

Former Treasury official Jim Millstein argues that taxpayers “stand to make an enormous profit” if the two are allowed to recapitalize, restructure and eventually are sold to “back to private investors.”

If you take away all the one-time gains at Fannie Mae and Freddie Mac, the two are barely profitable. Right?

A spokesman for Caliber Home Loans said that many of the lender’s non-agency mortgages will be non-QMs.

One warehouse executive, speaking under the condition his name not be used, said “Luckily for us, compared to January, things are great.”

In the first quarter, among the top ten, the biggest correspondent production gainers were Nationstar Mortgage and Stonegate Mortgage, both nonbanks.

The first quarter of 2014 marked the lowest point in mortgage banking income for depositories since the second quarter of 2011.