By signing the addendum, the borrower certifies that he or she will make payments on the mortgage or become indebted to the federal government...

The higher loan limit for the jumbo program will go into effect early in the third quarter.

But the product does not come cheap. On an A- credit loan, the rate is set at 8.25 percent when CLTV is 60 percent.

Chase was the second-ranked jumbo lender in the first quarter of 2015, nearly closing the wide gap that Wells Fargo has maintained in recent years.

New Penn contributed 19.1 percent of the loans included in the deal, followed by Quicken with a 19.0 percent share.

The biggest rate of decline was in home-equity securitizations, where there has been no new issuance for several years.

According to figures compiled by Inside Mortgage Finance, Provident ranks eighth nationwide among all table-funders, based on first quarter 2015 production.

Most of the changes are in the portion earmarked for direct endorsement lenders, which often have been the target of False Claims Act lawsuits filed by the Department of Justice...

“These are serious loan officers,” he noted. Just how serious? According to the show’s website, some of the top producing LOs in attendance earn between $500,000 and $5 million…

Although no “large” mortgage companies have changed hands in quite some time, investor interest in small to medium-sized lenders remains strong as banks, private-equity funds and nonbanks continue to show their interest as buyers. Since last fall, at least 25 deals have been publicly disclosed, according to sales tracked by Inside Mortgage Finance, but none of the originators have been larger than $4 billion a year in production. According to interviews conducted over the past week with investment banking advisors, in the months ahead lenders that originate between $500 million to $2 billion a year are...