PIMCO is shaking up its mortgage banking affiliate, First Guaranty Mortgage Corp., Tysons Corner, VA, paving the way for the departure of long-time company president and CEO Andrew Peters, Inside Mortgage Finance has learned.

Growth was strongest in the wholesale-broker channel…

The Community Mortgage Lenders of America is also against the concept of guarantors being lenders or having lending affiliates.

In total, 63 lenders contributed to the new MBS from Deephaven…

In November of last year, Capital One disclosed it would exit the mortgage business, which it entered eight years ago by purchasing Chevy Chase Bank.

CFPB's Mulvaney: “If the CFPB loses a court case because we pushed too hard, we simply move on to the next matter. But where do those that we have charged go to get their time, their money, or their good names back?”

Chase Home Finance still held second place in the GSE servicing arena, though its portfolio has been shrinking slightly…

Ocwen is trying to put its regulatory problems in the rearview, while focusing on being a subservicer…

Selling shares in Ocwen Financial: Bill Erbey...

“Both sides have gotten to know each other very well, so the intangibles and cultural fit are expected to be very strong,” said investment banker Mark Stafford of MS Capital Advisors.