Could another former subprime mortgage executive be reentering the game?

The bid deadline is May 12 and according to Prestwick, the seller wants to “start deliveries as soon as possible.”

On the issue of mini-correspondent lending, a group of secondary market investors has offered alternative criteria it recommends the CFPB use...

Former FHA chief David Stevens said use of the False Claims Act as a “legal sledgehammer will now be tested by one of the highest quality FHA lenders in the nation.”

Impac originated $2.85 billion of loans in 1Q15, a figure that includes production from CashCall.

Grid Financial consultant Paul Hindman is a true believer in brokers as is Mat Ishbia of United Wholesale Mortgage.

Most lenders already doing business with Fannie Mae and Freddie Mac expect to offer the new low-downpayment options available from the government-sponsored enterprises, though few expect to see much pickup in their originations. A new Fannie survey found 81 percent of lenders intend to offer the 97 percent loan-to-value ratio mortgage sometime this year. About 8 percent said they’re not interested and the rest weren’t sure. But of those planning to offer the product, only ...

The majority of the 9.3 million borrowers who lost their homes between 2006 and 2014 will likely become eligible to re-enter the home purchase market within the next nine years, according to an analysis by the National Association of Realtors. However, only about a quarter of them are expected to actually return to the market. “The extended time needed to repair credit scores or save for a downpayment, combined with other overlapping post-distress factors on credit quality, such as ...

Recent actions by the Federal Housing Finance Agency, the government-sponsored enterprises and FHA to make it easier for borrowers to get a mortgage are probably going to be an inconsequential wash overall, according to a panel of industry representatives and policy experts. However, there was some optimism expressed as well. Commenting on last week’s changes from the FHFA on GSE guaranty fees and loan-level price adjustments, Ron Haynie, senior vice president of ...

Mortgage lenders sold a total of $121.87 billion of loans that were originated by mortgage brokers and correspondents to Fannie Mae, Freddie Mac and Ginnie Mae during the first quarter of 2015, according to a new Inside Mortgage Trends analysis of loan-level mortgage-backed securities disclosures by the agencies. Third-party originated volume was up just 1.7 percent from the fourth quarter, while total issuance of agency MBS rose slightly more, by 3.7 percent ... [Includes one data chart]