Redwood Trust plans to issue expanded-prime MBS on a regular basis…

Correspondents generated 38.8 percent of the market and posted the highest purchase-mortgage concentration, 77.8 percent.

Industry consultant Paul Hindman believes more executive changes are likely in the months ahead…

According to Wallison: “There is nothing about the way the government has managed the housing finance system for the last 50 years that would remotely recommend a continuing government role.”

The Office of Special Counsel found no evidence that the CFPB's Richard Cordray violated the Hatch Act.

PennyMac (the REIT) said third quarter results were also affected by the reduced earnings contribution from "our credit risk transfer investments..."

PennyMac estimates by entering the broker space it will gain access to additional 10 percent of the $1.7 trillion loan market.

Interestingly, Nationstar, Ocwen and Walter each have embarked on a course of selling their owned mortgage-servicing rights while staying on as a subservicer…

Brian Vieaux, a senior vice president of third-party originations, said loan brokers are an “extension” of Flagstar’s reach through the retail channel.

No immediate successor to Ashmore was named, but whoever the person is they will have to deal with a slumping revenue picture…