Redwood Trust has approved 185 originators to sell Choice loans directly…

“We’ve gotten wind that we could see at least one other large money center bank enter the securitization markets,” said Christopher Abate of Redwood Trust…

At least 40 new loan brokerage firms have been created this year thanks to $500,000 in grant money donated last fall by United Wholesale Mortgage, Troy, MI. In fact, the effort has been so successful that, UWM – which is the largest table-funder of brokers – recently kicked in another $100,000. As for future growth in the initiative, that’s hard to say. UWM, so far, has been...

The researchers tracked lender rate sheets from 2008 through 2014…

It’s possible that the nomination of Pam Patenaude to be the number-two at HUD could get a floor vote this week...

KBW noted: “We think there likely will be more value if the company is able to liquidate relatively quickly…”

Liftoff promises that participants will get instruction on sales itinerary and be prepared for a loan licensing exam.

On a combined basis, the three largest bank servicers reported a $45.06 billion reduction in their servicing for others.

George is presently the vice chairman of the Mortgage Bankers Association for the 2017 membership year.

Partly to comply with liquidity cover ratio requirements imposed in the wake of the financial crisis, U.S. banks ramped up their holdings of high-quality liquid assets. But once they got compliant, many of them shifted their asset allocations more to agency MBS and U.S. Treasuries, according to researchers at the Federal Reserve. This could have implications for the U.S. central bank’s massive balance sheet over the long haul, they added. As of Jan. 1, 2015, large banks in the U.S. have needed...