One former Fannie Mae executive familiar with Seterus opined that IBM likely received “pennies” compared to what it invested in Seterus...

However, Steve Harris, president of MIAC Capital Markets, said he sees a weak market when it comes to “franchise” deals.

Brian Benjamin of Two Rivers Mortgage & Investment in Red Bank, NJ, noted that since the bond market rally in late December, “I’ve seen a pickup in calls, but refis are still dead.”

Kurland was given an annual base salary of $900,000 from Jan. 1 of this year until Dec. 31, plus cash and equity incentives.

According to the ruling by the appeals court, Citizens pays its LOs $11.50 an hour along with commissions based on volume…

MBA CEO Bob Broeksmit: “We have made our concerns known to Treasury and request that IRS employees performing this vital work be deemed essential so loan closings can continue without further interruption.”

Fannie and Freddie tossed out the idea of creating their own internal models as impractical...

FEMA said it is working determine what options exist to enable the National Flood Insurance Program to allow the sale and renewal of flood insurance policies to continue during the government shutdown.

The seven initial participants in the platform include United Wholesale Mortgage, the nation’s largest table-funder…

Nonbanks among the top 100 reported a mild 0.9 percent drop in new business, while depository institutions saw production fade 4.0 percent.