The Office of the Comptroller of the Currency this week issued guidance to banks regarding originations of loans with loan-to-value ratios of 100 percent or more in distressed communities marked for revitalization. The guidance is in support of banks’ attempt to revive neighborhoods that have suffered an economic downturn through programs that offer high-LTV financing for home purchases or for purchases and rehabilitation of residential properties. Specifically, the guidance provides...

According to a Freddie spokesman, the loan represents the “the largest-ever single-asset tax-exempt financing completed” by the GSE…

The proposed suspension generally applies to banks with less than $250 billion in total assets.

Starwood didn’t disclose the volume of non-QMs it has acquired at this point.

Other bidders on the $53.6 billion MSR portfolio include JPMorgan Chase and New Residential…

A fast grower, Guild Mortgage is open to buying other shops...

The OCC noted that Fannie Mae, Freddie Mac and the FHA all offer loan options aimed at property rehabilitation…

PHH is in the throes of transforming from a business predicated on private-label originating and servicing to being mostly a subservicing vendor.

Clayton Homes is one of the nation’s largest mobile home sellers, and is owned by Warren Buffett’s Berkshire Hathaway.

Ellington is showing an increasing interest in the non-QM market…