As recently as three years ago, few companies were willing to finance originations of nonprime mortgages, either via warehouse funding or acquiring the paper as whole loans. Daniel Perl, CEO of Citadel Servicing, said there are currently a number of Wall Street companies and other firms that will provide a certain amount of liquidity for one to three years, while demand for whole loans and MBS is also increasing. “There’s a lot to be said for this market today that you couldn’t say three years ago,” he said earlier this month during a webinar hosted by Inside Mortgage Finance. Tom Hutchens, a senior vice president of sales and marketing at Angel Oak Mortgage Solutions, said...

The deal is part of New Residential’s efforts to generate income from excess MSRs…

It appears some VA lenders are refinancing veteran borrowers into IRRRLs before the end of the six-month seasoning period.

The Federal Reserve's HMDA tally for 2015 came in at $1.651 trillion…

The directives make clear that the minimum g-fee applies only to swap transactions…

Meanwhile, other lenders said they are hearing reports of correspondent originators slowing down the sale of closed loans to Wells.

Atlantic Bay Mortgage Group recently started offering its loan originators a unique option in terms of compensation: a share of the servicing fee. More than 90 percent of loan originator compensation plans are based on an LO’s volume, according to surveys conducted by Stratmor Group. Atlantic Bay’s Progressive Earnings Plan allows LOs to earn an annuity stream of income from mortgages when the lender retains the servicing. Rebecca Chaney, a senior executive vice president of legal affairs at Atlantic Bay, likened...

Maybe calling a delinquent borrower 12 times a day is too much...

ALTA CEO Michelle Korsmo: “We’ve heard countless stories from ALTA members about consumer confusion at the closing table…”

The compensation plan is available to LOs of Atlantic Bay who originate more than $14.0 million in retail loans in a calendar year.