Former Sprout Mortgage CEO Michael Strauss is avoiding the residential market following regulatory scrutiny in Illinois.

Mr. Cooper said customers would not incur fees, penalties or negative credit reporting due to late payments related to the shutdown.

Redwood Trust grew its loan selling partnerships with banks over the course of the third quarter of 2023.

Despite reporting a loss in the third quarter, Annaly Capital Management saw gains in its non-agency correspondent business.

Shellpoint Mortgage Servicing handled servicing duties on $3.65 billion of non-agency MBS issued in the third quarter. (Includes data table.)

Change has ensured its CDFI status through 2025 following an agreement with the CDFI Fund.

Stephen Thomas, a former FHLB Chicago official with more than 30 years of experience in affordable housing and diversity and inclusion initiatives, has launched FutureWave Finance.

Income remained level in the third quarter while the lender increased originations of business-purpose loans.

Unison offers its first HEA securitization; NP rebrands; Finance of America launches new reverse-mortgage product; Sherman Bridge debuts investment-property lender marketplace; Arc Home appoints new president and future CEO; UWM expands DSCR eligibility requirements.

Representatives of military groups called for more protection against predatory refinance practices targeting service members and veterans.