Ocwen chief Bill Erbey noted that the settlement amount might be materially higher and include requirements beyond a monetary penalty.

Young doctors just out of medical school can be good non-QM credit risks. Of course, there's all that student loan debt to consider...

Pacific Union Financial took in $100 million of profits. It’s not every day that a privately held nonbank tells the world what it’s earning…

DBRS said one of the strengths of the new jumbo deal is its traditional lifetime representations and warranties.

Another positive for the production market is a new willingness on the part of certain warehouse banks to finance the production of non-QM loans.

Is the investment banking arm of JPMorgan Chase sniffing around the non-QM space? It sounds crazy, we know...

With certain exceptions, credit unions invest almost exclusively in agency product, avoiding jumbo securities.

The investor-plaintiffs claim that Fannie and two of the company’s former executives made false and misleading statements about the mortgage giant’s internal controls and its exposure to subprime.

For a bond investor such as PIMCO, the attraction should not come as a total surprise.

Ocwen's open letter to borrowers likely will not assuage shareholders who have lost a ton of money on the firm.