Newfi Lending has rolled out a new non-agency jumbo loan program for its wholesale mortgage broker partners aimed at high-asset borrowers who are difficult to qualify. The program, Sequoia Portfolio Plus, is designed as a go-to alternative for creditworthy borrowers who could not qualify for conventional jumbo loans due to a less-than-stellar credit history. Sequoia combines the best of jumbo and nontraditional borrowing options, explained Newfi CEO Steve Abreu ...

A spokeswoman for CoreLogic confirmed that Khater is leaving the company…

The FHFA noted that the GSE NPL auctions are open to any qualified bidder…

Moody’s noted that if the provision becomes law, small banks won’t have to meet certain documentation requirements included in the CFPB’s ability-to-repay rule…

The megabanks and some top ranked nonbanks rely heavily on correspondent purchases to gather FHA and VA loans…

The U.S. Treasury controls the senior preferred shares of the GSEs, but has no positions in the common.

Look for a lot more mergers this year. Then again, if rates dive, all bets might be off...

Several lenders now provide financing to this unique niche and more might join the party as 2018 progresses.

House Financial Services Committee Chairman Jeb Hensarling said the GOP is trying to negotiate in good faith…

Wells Fargo and JPMorgan Chase are among the megabanks driving SRP pricing…