A veteran of Bank of America, GE Capital and other financial service firms, Williams said he hopes to unveil 10 Mile’s first investment in April.

In recent years, Redwood has focused on jumbo mortgages but the REIT is now placing a greater emphasis on conforming loans.

Meanwhile, investors are beginning to focus on some of the contractual language in the sale agreement between New Residential Investment Corp., and Home Loan Servicing Solutions...

We understand from one very good source that a top 30-ranked lender has been quietly trimming staff of late….

New Residential will pay roughly $18.25 a share for HLSS, valuing the deal at $1.3 billion.

Nearly $1.0 billion in non-agency MBS was included in the rating action by Fitch.

The sale and transfer must first be approved by Freddie and its regulator, the Federal Housing Finance Agency.

Ocwen, which is in the process of liquidating its massive agency MSR holdings, is a subservicer to HLSS.

In case you’re wondering, Ocwen services roughly $208 billion of non-agency product.

With many small and mid-tier mortgage companies and banks increasingly worried about straying from compliance with the CFPB’s expanding rules and requirements, vendor representatives are working overtime to alleviate their clients’ anxieties and keep them on task and on budget. “We’re really seeing a lot of fear in the CFPB’s steadily intensifying regulations and requirements,” said Mary Beth Doyle, founder and co-owner of Loyalty Express, a mortgage marketing technology vendor in Woburn, MA. As recently as a year or a year-and-a-half ago, companies were saying they would wait to hear about a new rule themselves from the CFPB. “And today, people are more panic driven. There’s this sense of paralysis because everyone’s afraid of stepping out of bounds and not ...