Lombardo joins Walter, the parent of Ditech Financial, from the community banking division of JPMorgan Chase.

Acting Ginnie Mae President Michael Bright also issued a warning that expulsion from the program for “lenders who produce pools with inexplicably fast prepayment speeds” was a distinct possibility.

It's only a matter of time before the White House officially nominates acting Ginnie Mae president Michael Bright to be the permanent head of the agency...

2017 has been the strongest purchase-mortgage market in years and momentum didn’t slow much in the third quarter, but the first-time buyer surge may be weakening.

Mortgage lenders are looking at new products and new business lines to offset an anticipated 26.0 percent drop in refinance business next year.

Guaranteed Rate is accusing a former top executive of raiding talent at the Chicago-based firm by planning a mass exodus of key employees for a newly launched competitor across town. But Joseph Caltabiano, the company’s former senior vice president of mortgage lending, denies the allegations.

Can it be? A bi-partisan reg relief measure that helps the mortgage industry?

Servicing income rose 1.5 percent during the third quarter, although five of the 12 companies reported declines and one of them – PHH Mortgage – posted a loss.

Redwood: “We will offer new ways for these [nonbank] sellers to optimize their capital bases…”

The investor was also critical of HomeStreet’s efforts to expand its footprint beyond the Pacific Northwest…