In 1Q, TMS/Endeavor table-funded roughly $1.8 billion in loans, ranking 13th nationwide in that category, according to figures compiled by Inside Mortgage Finance.

The seller was described as an “independent mortgage banker with a tremendously experienced senior management team and strong net worth.”

Are "fintech" firms spending enough money on mortgage compliance?

There are about 75 correspondent buyers in the market today, but that figure will winnow down to about 60 as margins stay tight...

Although statistics are hard to come by, Mid America believes it is one of the most active buyers of such mortgages, most of which are nonconforming jumbos.

One of those high-ranking officials is Jim Parrott, former White House housing finance executive...

Some potential investors in new non-agency MBS insist that a deal agent or transaction manager is necessary to revive the non-agency MBS market. Some issuers are willing to include a deal agent in their securities, though the exact functions and pricing issues still need to be worked out. “Many potential buyers of residential MBS have a strong desire for improved transaction governance mechanisms such as the use of independent deal agents,” Moody’s Investors Service said in a report published late last week. The rating service recently held a meeting with investors, issuers and others involved in the non-agency MBS market. Moody’s said...

Wells Fargo reported an 11.7 percent increase in its conventional-conforming originations during the first quarter, but the company’s GSE loan sales fell 12.2 percent on a sequential basis – quite a differential.

The lender allegedly focused on profit and growth at the expense of loan quality and knew about the inefficiencies in 39 of its 125 branches, charges it denies.

The Texas portion of the receivables has been measured at 60.5 percent with Colorado a distant second at 13.6 percent.