Reverse Mortgage Solutions, a HECM lender bought by Walter Investment Management Corp. last fall, has received a $100 million warehouse line of credit from Royal Bank of Scotland, according to a new filing with the Securities and Exchange Commission. The line is legally structured as a master repurchase agreement. However, it is also considered “uncommitted” and matures in February of 2014. RMS will use the money to fund new originations of HUD-backed home equity conversion mortgages. Several of the nation’s largest banks have exited the HECM space the past two years, including Wells Fargo and Bank of America. A handful of nonbanks have moved ...

The purchase mortgage business has been in the tank since the housing crash. Although home buying is on the upswing, will it be enough to replace the refi boom?

The National Association of Federal Credit Unions is urging the Consumer Financial Protection Bureau to take another look at the usefulness of APR disclosures, among other things.

Merger and acquisition activity is perking up in the mortgage market with a deal set for unveiling possibly by Friday afternoon or early next week.

Reverse Mortgage Solutions has tapped RBS for a large warehouse line of credit that matures next year.

Nationstar Mortgage earned $63.8 million in the fourth quarter as it continued to snatch up MSR packages.

Fannie Mae is about to offer $250 million of nonperforming mortgages for sale in the secondary market.

New Castle and Springleaf are teaming up to buy a huge portfolio of consumer and real estate loans from HSBC.

Loans funded in California continue to dominate Fannie Mae and Freddie Mac purchases and MBS, according to a new analysis from Inside The GSEs.

A former loan trader at Goldman Sachs has launched a new subprime mortgage company offering LTVs as high as 75 percent.