The wholesale channel isn’t something to shun, according to officials at Stonegate Mortgage. The nonbank is tapping all three origination channels in an effort to increase its holdings of mortgage servicing rights while controlling origination costs. Stonegate had $2.42 billion in originations in the first quarter of 2014, up 27.4 percent from a year ago, making the publicly traded mortgage banker one of the relatively few lenders to increase its production in that span ...

Can James Furash, another former top Countrywide executive, pull a Stan Kurland, and turn AmeriHome into a mortgage juggernaut?

“DOJ may not have the evidence to try this as a fraud case,” Judge Max Cogburn said.

Specifically, the mortgages will be above the Fannie Mae/Freddie Mac loan limit of $625,500. But before Redwood can buy its first jumbo loan, the Federal Housing Finance Agency must sign off on the effort.

The Mortgage Bankers Association said the proposed cure would allow loans intended to be QMs to qualify as such regardless of an inadvertent excess in points and fees.

Redwood will have the opportunity to buy jumbo mortgages from FHLB members via the Chicago bank.

The average combined loan-to-value ratio on the deal is 71.5 percent, one of the highest levels for the new era of jumbo MBS.

Maybe more Millennials are buying homes than people think: "A large portion of our applicants are in the Millennial generation. I am seeing them in our office every day," said Jim Picard of Denali Alaskan Federal Credit Union.

It was also the lowest three-month volume since the fourth quarter of 2008, not long after dramatically higher “emergency” loan limits were put in place by the agencies.

Correspondent sellers fret that some of the largest players might shut the door on them for a different reason: they can’t deliver enough volume in an origination-challenged market.