PHH Corp., for years, has been trying to unload its entire mortgage franchise, a process complicated by both regulatory sanctions and large accounting losses tied to declining interest rates.

Nondepositories now dominate FHA production after several large banks exited the government program due to growing concern over potential liability arising from federal lawsuits…

What? Democrats won't help in changing the Dodd-Frank Act?

The business that Flagstar will acquire has 250 correspondent relationships that account for roughly $7 billion in production tied to agency and GSE loans.

Fannie Mae saw the biggest drop in refi volume, a 30.2 percent decline from December…

SFIG noted that a complete repeal of risk-retention requirements “is likely neither appropriate nor probable.”

PFSI is forecasting that by the second half of 2017 it will be originating $40 million to $60 million per quarter in multifamily loans.

Tom Hutchens of nonprime originator Angel Oak Mortgage Solutions said his shop presently employs 44 wholesale account executives and plans to hire 60 more over the next 18 months.

In 2016, retail sales conducted over the Internet boomed while traffic at America’s shopping malls remained tepid, raising new concerns about CMBS deals where the collateral includes a troubled “anchor” tenant. According to figures compiled by Morningstar, roughly $49 billion of CMBS transactions are backed by regional malls. When the anchor closes, it raises all sorts of concerns about whether the entire mall will be able to survive. (Earlier this year, Sears and Macy’s separately announced they will close a total of 218 stores.) “As online shopping, the diminishing importance of department stores, and store closures all contribute...

When commercial banks run screaming from a business, it usually opens up a huge opportunity for nonbanks…