A program launched in September to provide grants to mortgage brokers has helped launch 15 new independent mortgage brokerage shops, according to the National Association of Mortgage Brokers. The NAMB KickStart program provides a grant of up to $10,000 to help launch broker operations. The program started with financial support from United Wholesale Mortgage. “After mega banks pinned mortgage brokers as the scapegoats of the financial crisis in ...

Some 53.7 percent of newly originated mortgages delivered into agency mortgage-backed securities programs last year were generated through lenders’ retail production operations, according to a new Inside Mortgage Trends analysis. Correspondents accounted for the next largest share, 33.4 percent, of loans sold to Fannie Mae, Freddie Mac and Ginnie Mae. The data exclude mortgages that were over six months old when they were securitized ... [Includes two data charts]

In early March, Stiles filed notice to sell 11,931 shares of Nationstar common at a price of $18.40 a share or $219,530.

There have been scattered reports that some lenders and brokers are still chasing quick-turn refis aided by secondary market investors offering to buy and securitize those loans.

At the end of 2016, the supply of outstanding home-equity loans fell to $595.4 billion from $607.9 billion the year prior…

Waiting for a change in the GSE PSPAs is like waiting for Godot...

For the CFPB to pass the constitutionality test, its director needs to be removable by the president of the United States...

CEO Mark Filler said FoAC is now offering fix-and-flip loans as cheaply as 6.99 percent…

Among the top 10 originators in 2016, Reverse Mortgage Solutions posted the largest annual decline at 64.5 percent. RMS is owned by Walter Investment…

Don’t look now but the yield on the benchmark 10-year Treasury is now down to 2.40 percent. And just in time for the spring home buying season…