Total revenue at EverBank fell to $222.6 million in 4Q compared to $234 million in 3Q.

“The industry seems to be cut out of some of the development of the securitization platform,” said Rep. Scott Garrett, R-NJ...

Demand for VA products is being sparked by declining interest rates and the fact that these government-backed loans do not require any downpayments.

Thanks to its settlement with California regulators, Ocwen's share price is on the rise. But for how long?

One LO who works for a top-10 lender (a bank) said she actually sees her customers half the time...

Real estate investment trusts focused on the residential mortgage market had a stellar year in 2014, returning 19.4 percent to investors, a nice comeback from the year before when performance was measured at negative 12.7 percent. According to figures compiled by the National Association of Real Estate Investment Trusts, commercial financing REITs fared a bit worse, returning 14.5 percent compared to a mouth-watering yield of 41.8 percent in 2013. But now both sectors face...

Redwood Trust, Credit Suisse and Two Harbors Investment are working on separate jumbo mortgage-backed securities that will be issued next week. The deals vary slightly by issuer, including some non-qualified mortgages in Redwood’s deal and sunset provisions on representations and warranties on Credit Suisse’s jumbo MBS. Redwood’s $338.80 million Sequoia Mortgage Trust 2015-1 is set to receive AAA rating with credit enhancement of 7.25 percent ...

Officials at Altisource Portfolio Solutions plan to provide services in the non-agency market as part of an effort to increase revenue and rely less on its former parent, Ocwen Financial. In a call with investors last week, CEO Bill Shepro said Altisource is developing products for members of the Lenders One mortgage cooperative. “The Lenders One members represent approximately 17 percent of the largely agency lending market, and with the banks withdrawing from ...

Cove Financial, a lender that offered a unique rent-to-own program, went out of business at the end of 2014. The company recently notified loan originators offering its Mortgage Alternative Program that Cove “is no longer conducting business or offering MAP.” Officials said vendors and others that have partnered with the company will be contacted by an assignee for the benefit of creditors. The lender added that the closure doesn’t impact borrowers ...

FHA lenders are gearing up to meet an anticipated increase in demand for purchase and refinance loans with mortgage rates falling to near-historic lows coupled by a 50 basis point cut in FHA’s annual insurance premium. Lenders hope the combination of lower mortgage rates and the revised FHA pricing structure will create sufficient incentive for more borrowers to purchase a home or refinance an existing mortgage. For example, Freedom Mortgage, 32nd in Inside FHA Lending’s 2014 ranking of FHA lenders, is looking to hire as many as 500 new employees to handle the anticipated surge following the FHA action. Stanley Middleman, chief executive officer of Freedom Mortgage, expects a robust FHA refinance market during the first half of 2015, tapering off in the second half. “Lower rates, coupled with premium reduction, put a lot of FHA borrowers in a position to get their ...