Another large nonbank enters the space for unsecured consumers loans. A trend in the making?

Earnings are high at most nonbank lenders these days, which makes them attractive to investors...

However, the VA market grew more than the FHA market last year, up 13.5 percent from the end of 2014…

Kvetching about mortgage servicing was down sharply too, off 23.1 percent compared with the third quarter.

The subservicer started charging the borrower various attorney fees after completing the modification and didn’t respond to the mortgagor’s questions about those fees in a timely matter...

In the announcement on dropping coverage, FBR quoted PHH management as saying “organic growth is hard to come by, strategic initiatives are taking longer to achieve, and prepayment speeds on the company’s MSR are still elevated…”

Although Wells does not own the shares per se, it shows that some of the bank’s wealthier clients are speculating in Ocwen’s stock.

Super-jumbo lenders take note: Hugh Hefner’s Playboy mansion is now officially for sale.

One company that confirmed its interest in scratch-and-dent TRID loans is Mid America Mortgage.

All three agencies posted big increases in multifamily MBS issuance last year, with Freddie (up 65.4 percent) and Fannie (up 36.4 percent) leading the way…