Since the start of 2015, credit ratings have been upgraded on nearly $350.0 billion of vintage non-agency MBS, according to Bank of America Merrill Lynch. The upgrades follow extensive down-grades during the financial crisis and can help create profits for investors.

The number 15th ranked Fairway Independent Mortgage wouldn’t provide a hiring estimate but CEO Steve Jacobson said, “We’re always open minded about opportunities.”

Movement was founded in 2008 and has grown from four employees to more than 4,300…

Marc Savitt, who runs The Mortgage Center, Martinsburg, WV, called the technology snafu a “big deal,” adding: “It’s taking weeks to receive we got in days.”

At Sept. 30, roughly $2.09 trillion – or 19.9 percent of total residential mortgages outstanding – were being subserviced by a vendor that didn’t own the underlying servicing strip…

Mack, a senior executive vice president at Wells, has been at the bank for 33 years...

But the gain was largely attributable to one bank – Wells Fargo – which acquired an agency servicing portfolio of about $51.0 billion from Seneca Mortgage…

Great Ajax is a real estate investment trust that formed in 2014 and went public in early 2015.

Moody’s said GSE participation will continue to erode the sector’s reliance on commercial MBS as a source of financing…

Of late, Impac’s share price has been trading at $11.00 a unit, just a tick above its 52-week low.