Problems regarding the ratings of IO tranches of pre-crisis non-agency MBS emerged in June of this year...

Another source added: “Eli’s interest in the industry is legit. They want to buy and hold companies.”

In July, the top five GSE loan sellers were Wells Fargo, Chase, Quicken, PennyMac and AmeriHome Mortgage…

NRMLA said the changes "diminish the benefit (amount of loan proceeds) available and increase the costs (increased upfront mortgage insurance premium) to most borrowers.”

The refi share of new applications continues to rise…

Earlier this month, nonprime lender Citadel Servicing Corp., Irvine, CA, launched a one-month bank-statement program for self-employed borrowers.

Cowen & Co. predicts that storm damage caused by the hurricane could “encourage” lender consolidation…

Late last year, IBM bought Ludwig’s Promontory Financial Services advisory firm, but the former OCC chief kept two divisions: Promontory MortgagePath LLC and Promontory Interfinancial.

So, how is the program doing? A spokesman for UWM said 40 firms were created with the first round of seed money and all are still in business.

In aggregate, banks and thrifts earned $3.72 billion from mortgage banking activities during 2Q17…