Over the past two years, insurance conglomerate Eli Global has been quietly vetting mortgage companies for purchase, occasionally striking deals while appearing hungry for more. But now, the company is taking a major pause after news broke that Founder and Chairman Greg Lindberg will be the subject of federal grand jury testimony in Charlotte, NC, next week.

The massive tax cuts the president and GOP bestowed on the nation late last year have spurred economic progress. It’s hard to argue with that, but...

Stephanie Miller of Fannie Mae said the GSEs are working with SIFMA on the transition to the single security.

New nonagency deals are pending from loanDepot and New Residential as well…

The SVP/national production manager slot is a new position at Flagstar…

Angel Oak and Citadel continue to hire while the megabanks are cutting back...

HSBC will pay $765 million to settle charges brought by the Department of Justice...

Despite the good news, DBRS said if the economic environment becomes more distressed, some non-QM borrowers may come under pressure…

The new interim CEO was an EVP at PNC Financial where he led the real estate division and was a founding partner and managing director of BlackRock...

Meanwhile, the largest potential deals looming over the market continue to be Ditech Financial and loanDepot…