Zach Oppenheimer, a senior vice president at Fannie Mae, said it’s a positive development that more private capital is coming into the mortgage servicing space.

The $75 million in financing includes $50 million from a Wall Street firm and a $25 million line from a California commercial bank.

The researchers confirmed that homebuilder originations from 2001 through the end of 2008 tended to go to lower credit-quality borrowers compared with originations from unaffiliated lenders.

The “arm’s length transaction” policy of Fannie Mae and Freddie Mac prohibit property sales to non-profits that resell to the original homeowner.

Sources contend that at least two nonbanks have undertaken due diligence of PHH Mortgage, but so far a deal has been elusive.

It’s no secret that aggressive mortgage banking firms are recruiting top executives and loan officers away from other firms. One of the busiest recruiters that we know of its Mortgage Master of Walpole, MA.

The first quarter of 2014 marked the lowest point in mortgage banking income for depositories since the second quarter of 2011.

One warehouse executive, speaking under the condition his name not be used, said “Luckily for us, compared to January, things are great.”

In the first quarter, among the top ten, the biggest correspondent production gainers were Nationstar Mortgage and Stonegate Mortgage, both nonbanks.

A spokesman for Caliber Home Loans said that many of the lender’s non-agency mortgages will be non-QMs.