Real estate brokerage firm Redfin is preparing to offer purchase mortgages to homebuyers who use the firm’s real estate agents. The company announced Redfin Mortgage last week, promising a “digital mortgage,” low interest rates and faster closing times. The new lender will be led by Jason Bateman, a former executive vice president of mortgage operations at BBVA Compass. “When your real estate agent, title professional and lender work together, you win,” he said. “Lenders should spend their time determining which loan is right for a customer, not looking for new customers.” Initially, Redfin Mortgage plans...

Further, the lawmakers’ motion is untimely and fails to meet the standard for intervention, the lender argues in its filing.

In many cases, the fourth quarter drop was due to poor performance on servicing hedges.

Fairholme: “Only the disingenuous would assert that recapitalization of these companies would take decades and come at taxpayers’ expense…”

The CFPB also took action against two realty firms: ReMax Gold Coast and Keller Williams Mid-Willamette...

Tom Hutchens of AOMS, said “a lot” of his optimism about higher nonprime origination volumes for 2017 is tied to securitization. “This is now a liquid market,” he said.

The nomination of investment banker Steven Mnuchin to head the Treasury Department moved forward Wednesday...

A fun fact for nonbanks: Depository institutions among the top 50 servicers reduced their holdings by 1.2 percent during the same period.

The company’s motion arises in an unusual procedural context…

Keefe, Bruyette & Woods is worried about the prepayment risk that comes with owning so much Fannie Mae/Freddie Mac servicing rights…