Select Portfolio Services will handle the monthly servicing chores for Angel Oak.

The Fannie Mae loans are located in 28 states…

Bankers argue that single-family construction loans should be exempt from TRID because they are temporary and cover construction activity…

But we will remind readers that wholesalers refinancing clients (via a retail arm) originally brought to them by a broker is a decades-old complaint…

Zillow Group earlier this month agreed to acquire Mortgage Lenders of America, a national residential originator based in Overland Park, KS. Shortly after the announcement was made, Zillow’s share price crumbled, suggesting that investors aren’t bullish on the mortgage business these days.

Among those subprime MBS investors: Fannie Mae and Freddie Mac.

This spring, loanDepot was rumored to be a takeover target of Internet retailer Amazon.com…

On July 23rd, Fannie announced Mayopoulos would depart as CEO before yearend. The heavily redacted FHFA IG report is dated July 26.

CEO Mat Ishbia: “We are not sure why Quicken Loans has decided to bring UWM into this situation."

Funding for Quicken's new reverse mortgage will come from securitization…