The $75 million in financing includes $50 million from a Wall Street firm and a $25 million line from a California commercial bank.

The “arm’s length transaction” policy of Fannie Mae and Freddie Mac prohibit property sales to non-profits that resell to the original homeowner.

It’s no secret that aggressive mortgage banking firms are recruiting top executives and loan officers away from other firms. One of the busiest recruiters that we know of its Mortgage Master of Walpole, MA.

The first quarter of 2014 marked the lowest point in mortgage banking income for depositories since the second quarter of 2011.

One warehouse executive, speaking under the condition his name not be used, said “Luckily for us, compared to January, things are great.”

In the first quarter, among the top ten, the biggest correspondent production gainers were Nationstar Mortgage and Stonegate Mortgage, both nonbanks.

A spokesman for Caliber Home Loans said that many of the lender’s non-agency mortgages will be non-QMs.

Former Treasury official Jim Millstein argues that taxpayers “stand to make an enormous profit” if the two are allowed to recapitalize, restructure and eventually are sold to “back to private investors.”

If you take away all the one-time gains at Fannie Mae and Freddie Mac, the two are barely profitable. Right?

Bank and thrift MBS holdings were up a modest 1.0 percent from the previous quarter, but it marked the first increase since the third quarter of 2012, when the Federal Reserve began aggressively buying agency MBS and Treasury securities.