Only two lenders have consistently provided more than 5.0 percent of the dollar volume in jumbo MBS Redwood has issued this year: First Republic Bank and Quicken Loans.
The U.S. House of Representatives is scheduled to vote Tuesday afternoon on whether to overturn the Consumer Financial Protection Bureau’s controversial arbitration rule.
An internal watchdog audit alleges that the Department of Housing and Urban Development has been auctioning distressed notes to investors with no formal guidance or procedures in place.