Each due diligence firm applies its own interpretation of compliance...

Ocwen’s recent barrage of regulatory settlements, coupled with the sale of the wholesale division and the recent hiring of investment banker Chris Whalen, is sparking talk...

Ocwen settled with Texas regulators as well...

Citadel Servicing Corp. has talked about issuing its first non-prime MBS, possibly late this year, and this week cleared a hurdle when it received lender and servicer ratings from Morningstar. According to sources close to the company, the anticipated MBS – backed by newly originated loans that do not meet the qualified-mortgage test – could be as large as $250 million. Nomura is assisting Citadel with the deal, a source noted, adding that the bond may not actually hit the market until ...

It’s been a busy year in whole loan trading for MIAC Capital Markets. The advisory firm has sold $1.2 billion of product year to date, almost double what it did all of last year. And the way things stand today, 2018 could be even better. According to Steve Harris, managing director for MIAC, the reason for the pickup in activity is simple: growth in non-agency lending, coupled with stronger demand from depositories for loans that can help them meet Community Reinvestment Act requirements ...

The MI also terminated Jeff Tennyson as president of the unit. No replacement will be named, a spokeswoman told IMFnews.

Investors are still waiting for Ocwen’s biggest outstanding dispute – the one with the CFPB – to be settled, one way or the other.

Formed in 2014, LH originated $598 million in 2016, ranking 442nd overall, according to Home Mortgage Disclosure Act figures compiled by Inside Mortgage Finance.

With fall-out spreading from the turmoil at Social Finance, investors might be thinking twice about so-called “fintech” firms...

Redwood’s Choice loan program allows for debt-to-income ratios of up to 49.9 percent while the limit for Select is 43.0 percent…