Sindeo, a mortgage technology-centric company billed as a “disruptor” in some quarters of the industry, closed its doors earlier this month, spurring new talk that making headway via innovative software isn’t so easy – especially in a challenging origination market. As one veteran mortgage consultant put it: “There are no Amazons in this industry,” a reference to the online giant that has profited by causing a wave of destruction in the traditional retail space, including clothing stores and book outlets. Regarding Sindeo’s collapse, Jordan Brown, CEO of MarketWise Advisors, added...

“This is a big step for them [Movement],” said consultant David Lykken, president of Transformational Mortgage Solutions.

The firms originating the collateral backing the MBS were not identified.

Overall, NYCB will earn, on a pre-tax basis, $90 million by exiting the residential finance sector…

-The nation’s top three ARM lenders are JPMorgan Chase, Wells Fargo and Bank of America…

If Trump names a top GOP lawmaker to head the CFPB it would leave open another House or Senate seat…

Filler was named CEO of Finance of America Commercial, but departed after roughly two months.

PHH Mortgage and Chase both played a role in the decline of IO originations.

We kid you not: Home loans from a firm called Homie...

Wells Fargo, which has the largest portfolio of first-lien mortgages, reported a 3.2 percent drop in its holdings, down to $272.72 billion as of the end of the first quarter.