Ginnie Mae had the smallest decline of the three agencies as new issuance slid 4.7 percent from July.

Besides being in charge of retail and correspondent lending, DeVito will oversee sales, operations, quality control, compliance, underwriting and support services.

If consent is unavailable, the phone call is impermissible, absent the use of technology the mortgage lending industry generally views as obsolete, such as a rotary or push-button telephone.

Lenders such as Sistar Mortgage of Michigan (licensed in 27 states) are still hiring.

Angel Oak Mortgage Solutions in Atlanta hopes to price its first-ever nonprime MBS sometime next week – a $150 million bond issued through Nomura Securities, a top Angel Oak executive told Inside MBS & ABS. Mike Fierman, managing partner and CEO of Angel Oak Companies, an affiliate of the lender, said officials have been on an investor road show the past week or so, crisscrossing the country. “Investors love...

Of course, there is a way to avoid the zero capital cushion dilemma. Congress can pass legislation to allow the GSEs to build capital or FHFA can act...

Meanwhile, refinance lending rose just 0.9 percent from the first to the second quarter, but still accounted for just over half of new originations during the period.

Alt A mortgages accounted for 31.3 percent of the credit losses the GSE took through two quarters in 2015.

The seller was not identified by name, though MountainView refers to the company as “well capitalized” and...

The Blackstone Group said it has acquired a “significant” stake in The PMI Group, a once-bankrupt mortgage insurer that is now in receivership.