Regarding the apology, one human resources executive said Garg’s new email is “too little, too late. I think Garg now realizes he made a tragic mistake.”

Redwood recently issued a jumbo MBS sized at roughly $1.0 billion, while the new offering from the nonbank is somewhat smaller.

Three of the top five nonprime servicers posted declines from the second to the third quarter.

In a letter to Ginnie leadership, the groups said the substantial re-delivery restrictions have negatively impacted market liquidity for these loans...

Better.com still hopes to go public via a special purpose acquisition company maneuver...

FHFA should use its authority to constrain GSE acquisitions of high-balance mortgages, according to Redwood Trust.

FHA volume was incrementally higher in November, while deliveries of VA, Native American and rural housing loans were lower.

MBA says the system issues have caused significant delays and imposed costs on state-licensed companies.

The ECM gain came as overall production fell 2.8% from the second quarter to the third...

Montgomery waited almost seven months for a vote to become FHA commissioner in the Trump administration, even though he had held the job previously...