Select Equity, when reached by IMFnews, declined to comment on why it reduced its position in the lender/servicer...

In case you were unaware, Joe Garrett has never been a big fan of the CFPB, but unlike some advisors, he is willing to state his feelings on-the-record…

The Golden State accounted for $19.4 billion of VA loans in Ginnie pools at the end of the nine-month period. The Old Dominion State accounted for $10.1 billion in VA loans in Ginnie MBS.

Through the first nine months of the year, PennyMac originated $36.92 billion of residential mortgages, an impressive 74.9 percent gain from the same period a year earlier.

The only significant nonprime competition Angel Oak faces is Citadel Loan Servicing, Irvine, CA.

A growing number of loans are being dropped from commercial MBS deals before they reach securitization, according to Fitch Ratings. While most of the loans dropped had lower balances, under $20 million, the rating service is concerned that the unusually large amount of loan drops over the last 12 months could point to a lack of due diligence by lenders prior to sending the initial loan information to rating agencies or B-piece buyers. For example, in 28 Fitch-rated deals for the 12-month period ending June 30, 2015, about 1,000 loans were dropped, the rating service said. That number represented 30 percent of the final transaction amount. “There is...

This lender said finding good appraisers can sometimes be a challenge and predicted that eventually appraisals on such mortgages could cost upwards of $1,000…

It should be noted that Google became a licensed mortgage broker in the Golden State...

During his career, Wind has held senior mortgage posts at not only JPM and EverBank, but Aurora Loan Services and Citicorp Mortgage.

Some 66.5 percent of the loans to be included in the MBS are purchase mortgages. The mortgages have seasoned for four months, on average and none were delinquent at the time the deal was priced.