In percentage terms, the sharpest downturn was in home-equity ABS, although this sector represented just 1.6 percent of bank ABS investment and there has been no new production in years.

As part of his departure package, Raman will receive $600,000 in cash severance payments, payable over 52 weeks, but is walking away from unvested stock appreciation rights.

Hope Now said 75,969 foreclosure sales were completed in the third quarter of 2015, a 15.0 percent sequential decline and down 30.8 percent compared to 3Q14

HomeUnion Lending is licensed to operate in Alabama, Florida, Indiana, Iowa, and Oklahoma, but plans on expanding its reach to 16 more states by the end of March 2016.

Dallas also sized the comfort level on personal loans, saying the loan amounts would probably be in the range of $10,000 to $35,000.

According to Black Knight’s home price index (HPI), the average home value is now $253,000, which is still lower than the June 2006 peak of $268,000.

The correspondent channel during the third quarter of 2015 took its biggest share of total mortgage originations in years, according to a new Inside Mortgage Finance analysis and ranking. Mortgage lenders acquired $165 billion of home loans from correspondent originators during the third quarter, a 1.9 percent increase at a time when overall production fell 7.1 percent. The surge pushed the correspondent share of new originations to 36.3 percent ... [Includes four data charts]

Stonegate Mortgage – which holds the distinction of being the last nonbank mortgage firm to go public – is in the process of disposing of a large swath of its retail branch network in favor of a third-party originator strategy that relies heavily on brokers and correspondents. In total, it expects to close 47 branches outright by yearend or allow the offices to be taken over by a competitor. Although the company declined to discuss its strategy, recent press statements indicate it will maintain

Seven years after the financial crisis that nearly devastated the U.S. economy, the mortgage finance industry finds itself in a far better place than before the crisis but facing new challenges brought on by a tighter credit box and new regulations, according to panelists at a housing symposium late last week in Washington, DC. Hosted by the Urban Institute and CoreLogic, the forum assessed the progress of the mortgage financing industry since the financial crisis abated ...

The first nine months of 2015 have seen a tremendous increase in FHA single-family originations as borrowers took advantage of a 50 basis-point premium reduction implemented earlier this year, according to Inside FHA/VA Lending’s analysis of agency data. Total FHA loan production during the first nine months of 2015 was up a whopping 81.3 percent increase. Data also showed a 13.1 percent increase in the third quarter from the prior quarter. It is hard to imagine that back in February this year, we reported a dismal ending for 2014, where overlays and high-loan costs caused an 8.1 percent decline in FHA endorsements in the fourth quarter and a 36.6 percent drop from 2013. In 2015, FHA fixed-rate originations increased 12.7 percent from the second to the third quarter, and rose 86.0 percent on a year-to-date basis. In 2014, conversion ... [ 2 charts ].