Roughly $164.77 billion of securities backed by commercial mortgages were issued last year, down just 0.6 percent from 2013, which was a banner year.

The repo is contingent upon PennyMac – a publicly traded REIT – maintaining minimum tangible net worth of $860 million and minimum unrestricted cash of $40 million.

The firm noted that employment and income fraud peaked in the fourth quarter of 2013 and has declined ever since.

In some cases, loan officers who work for net branch operators can earn 225 to 250 bps per deal.

Last year, the mortgage industry cautioned HUD against assessing a fee to fund certain risk management improvements in the FHA program.

Any monkeying with the GSE charters must get past two of the most powerful lobbying groups in all of housing finance...

DocMagic would like to double its nationwide sales staff to 20 by the time 2015 ends.

The money will flow directly into the U.S. Treasury Department, which controls the senior preferred shares of the two government-sponsored enterprises.

For the year, the 20 banks earned $3.090 billion from mortgage banking, down 30.5 percent from their income in 2013.

University is based in Hackensack and the purchase gets FFC into the Northern New Jersey market.