Annaly may use the proceeds to fund additional acquisitions of mortgage servicing rights…

One lender confessed: “I think we’ve been too accepting of credit problems and we are going to start pulling back now…”

During the second quarter Redwood deployed $40.0 million in customized financing for nonbanks…

The nonprofit exchange must pay for any “property” associated with CSS…

While total jumbo originations among the lenders increased by 37.1 percent on a quarterly basis, correspondent volume was up by 63.7 percent.

Analysts blamed the reduction in volume on the new lower Principal Limit Factors...

Jerry Selitto, president of Better Mortgage: “We continue to hire and we just opened our second California office in Irvine…”

"As a result, at this time I’m receiving a larger volume of calls from execs seeking to explore outside opportunities.” - Rick Glass

Schneider told IMFnews the Blackstone-owned lender/servicer is presently working on other deals...

The USDA’s Rural Housing Service is proposing to amend regulations implementing its guaranteed single-family home loan program to allow the use of “income banding” in determining the very low- and low-income limits in the guaranteed loan program. The planned rule change is part of a larger package of proposed changes to RHS’s single-family direct and guaranteed loan and grant programs. The proposed revisions were published in the Aug. 31 Federal Register. Among other things, RHS has proposed to revise the definition of low-income to allow for the two-tier income limit structure or “income banding” within the Section 502 single-family guaranteed home loan program. The program provides USDA guarantees to lenders that make mortgage loans to low- and moderate-income borrowers in rural areas who could not qualify for a conventional home loan with private mortgage insurance. It already uses ...