Craig Phillips: “When a company fails, the capital structure is typically eliminated and there are no shares left.”

It’s no secret that home lenders are enjoying boom times. According to figures published by Inside Mortgage Finance last month, mortgage bankers funded a mouth-watering $700 billion in first-liens in the quarter, the strongest showing of the year.

Along with the increase to the baseline limit, caps on Fannie Mae, Freddie Mac and government-insured loans in high-cost areas would also rise, to as much as $760,000…

Citadel Servicing Corp. ranks among the top 10 originators of non-QMs but to date, the privately held firm has never issued its own MBS...

By the time recap and release is completed, an army of securities attorneys and investment bankers are going to rack up the billable hours…

Although interest rate volatility played havoc for companies with unhedged servicing portfolios, a sharply growing refinance market provided a windfall of production income.

The $533.5 million issuance will be the largest post-crisis non-agency MBS backed by mortgages for investment properties.

Guild Mortgage, the nation’s 20^th largest home lender (according to a ranking by Inside Mortgage Finance), is on track to originate a record $20 billion this year…

However, the lender is considering reopening next year, potentially in another state. Massachusetts, New Hampshire, and Rhode Island are potential options...