Also, Mr. Cooper was busy as well, buying Seterus and Pacific Union Financial…

New MBS production was up 32.0% from 2018 as an unexpected wave of refinancing business continued to pour into the secondary market.

The non-QM lender is now offering bridge loans with amounts of up to $3.0 million.

Through the first nine months of 2019 UWM had a wholesale/broker market share of 32.7%.

The dollar volume of purchase-loan deliveries declined across all nine risk categories, with the biggest drop taking place in the highest-risk bucket.

“The NYDFS has taken cyber security to a whole new level," said one lender. "They are hammering everyone about the risk and heavy enforcement in examinations.” 

Redwood also revealed deferred stock units/awards to its five most senior executives. Abate will take home $1.875 million in DSUs, Robinson, $2.25 million.

The CMLA and the others stressed the commitment of FHFA and Treasury to housing-finance reform should be followed by urgent action.

Mortgages in the pending deal have seasoned for an average of more than four years. The collateral has no delinquencies...

“They’re buying loans, not originating,” said Gordon Albrecht, EVP of FCI Lender Services, the nation's largest hard-money subservicer.