Since 2015 Angel Oak has issued four MBS totaling $639.92 million…

There's a race on to see who will be the first to deliver a best-in-class lending automation product that the consumer trusts, said consultant Paul Hindman...

As IMFnews went to press, Seckel was said to be in a meeting and could not be reached for comment.

“Rated nonprime non-qualified-mortgage transactions should broaden the investor base,” Deutsche Bank said.

Walter said it will continue to seek appropriate amendments and waivers...

Overtime pay for underwriters will remain a focus of litigation because courts are split on the issue, according to the Mortgage Bankers Association.

Time to audit your closing agents?

Mortgage compliance experts are cautioning FHA servicers to tread carefully around loss mitigation, annual certifications and reverse mortgages, which could be a potential minefield for False Claims Act lawsuits. While FHA lenders’ exposure to FCA risk remains, the Department of Justice and the Department of Housing and Urban Development have increased their scrutiny of FHA servicing practices for potential violations, according to Phil Schulman and Krista Cooley, both partners in Mayer Brown’s Washington office. In a recent podcast, Schulman warned of increasing DOJ and HUD scrutiny of FHA servicing practices in the last 18 months, a worrisome shift from the origination side, which has seen an estimated $5 billion in settlements and penalties since 2011 for violations of the FCA and the Financial Institutions Reform, Recovery and Enforcement Act. Since 2008, mortgagees participating in ...

According to interviews conducted by Inside Mortgage Finance, several large nonbanks continue to hire, including Amerihome, Quicken Loans, and United Wholesale Mortgage, among others.

It was the slowest agency refi market since the third quarter of 2014…