Rushmore Loan Management Services, Irvine, CA – a subservicing specialist – plans to enter the origination market early next month, a rarity for firms whose forte is processing loans for others. Company CEO Terry Smith told Inside Mortgage Finance that the nonbank’s direct-to-consumer arm is scheduled to begin funding loans on Sept. 1. “Our focus will be on originating loans – and servicing those loans,” Smith said. He also noted...

In recent years, Redwood has favored whole loan sales to jumbo MBS due to pricing considerations, but the company has continued to issue jumbo MBS.

In total, there are 573 loans backing the Deephaven MBS…

One source said that in the Angel Oak transaction, bidding started with eight investors…

Investors are more willing to buy non-QM loans as long as they are Alt A in nature, industry sources told Inside the CFPB…

Of course, it’s debatable how many LO jobs might disappear through automation...

Most of its production is tied to homes in the Golden State but CALCAP hopes to go national one day.

Angel Oak’s first nonprime MBS came to market in December of last year and was backed by collateral with an average interest rate of 7.51 percent.

Will the last megabank left in the FHA market please turn off the light...

However, Ocwen is still prohibited from buying bulk servicing rights until it receives regulatory approval from certain states…