Cowen believes Rep. Maxine Waters will use the post to go after President Trump and his White House team...

The top-five EC lenders are: Redwood, U.S. Bank, Angel Oak, Citi and Citadel Servicing…

Both government-sponsored enterprises are comfortably within the maximum $250.0 billion mortgage portfolios they are permitted to have under the terms of their conservatorship.

Among the tranches of residential MBS issued this year that received ratings from multiple firms, nearly 40.0 percent of the bonds had so-called split ratings, with different assessments by different rating services.

Guild noted that unlike other low-down payment programs, the 3.0 percent downpayment can be funded by a gift.

The Australian-based Computershare Limited – a behind-the-scenes player worldwide in stock registration and trades – has agreed to purchase LenderLive Network, a mortgage fulfillment and secondary marketing vendor, for an undisclosed sum.

Borrowers cited “best interest rate” as the reason they went with a particular lender in only 2.0 percent of purchase-mortgage transactions and 6.0 percent of refinances.

“After carefully evaluating market conditions and consumer needs, we are reducing to better align with current volumes,” Wells said.

Celebrity Financial, launched earlier this year by industry veteran David Robnett, has closed on its purchase of Midwest Equity Mortgage – its second mortgage deal of the year – but it is far from done as a buyer.

The residential mortgage market took an unusual turn in the second quarter as retail production gained ground under conditions that generally favor third-party channels...