The nonprofit exchange must pay for any “property” associated with CSS…

While total jumbo originations among the lenders increased by 37.1 percent on a quarterly basis, correspondent volume was up by 63.7 percent.

Analysts blamed the reduction in volume on the new lower Principal Limit Factors...

Both these MSR portfolios have low note rates…

Jerry Selitto, president of Better Mortgage: “We continue to hire and we just opened our second California office in Irvine…”

"As a result, at this time I’m receiving a larger volume of calls from execs seeking to explore outside opportunities.” - Rick Glass

Schneider told IMFnews the Blackstone-owned lender/servicer is presently working on other deals...

Alston & Bird: “We’ve all learned the hard way…”

Industry consultant Tim Rood said the first rule for GSE reform should be: “Do no harm.”

Redwood Trust is looking to acquire more jumbo mortgages and many of the nonbanks the firm works with could use some financing, making Redwood’s new funding initiative a good match. During the second quarter of 2018, Redwood deployed $40.0 million in customized financing for nonbanks that deliver jumbos to the real estate investment trust. The initiative is part of a diversification effort. Dashiell Robinson, president of Redwood, noted that the REIT isn’t acting as a ...