Founded in 2018, the lender has so far focused on mortgages for foreign nationals.

Mortgage brokers trimmed 500 positions from their payrolls during December.

Vesta was established in the context of two big trends: Lenders increasingly are seeing technology as a differentiator, and automation...

Total Ginnie issuance was down 3.2% largely due to an 18.7% collapse in rate-term refinance.

During the firm’s earnings call, founder and CEO Anthony Hsieh assured analysts the nonbank has plenty of liquidity and will gain market share in the year ahead.

The general consensus among executives and loan officers over the past two weeks is that layoffs likely are on the way — it’s just a matter of when.

Where does the mortgage industry fit in? “The biggest barrier left to scaling up ADUs is finance,” said Karen Chapple, a professor from the University of California at Berkeley.

For now, the bank will continue to service its residential loans and HELOCs...

One contributor to the deal: Impac Mortgage...

Loan originators note that debt service coverage ratio loans are easier to underwrite than conforming mortgages...