Under the terms of the deal, BrandMortgage CEO Greg Shumate will become an officer of the bank…

Credit unions, however, continued to grow their holdings of home-equity loans, up 1.9% to $92.5 billion as of the end of the third quarter. New HEL originations edged up 0.7% from the previous period to $9.7 billion.

Both the FHA and VA sectors saw declining securitization volume, but the VA took the bigger hit, a 12.1% drop from October.

Directors Mortgage hopes to open new offices in Colorado and New Mexico by the second quarter of 2020.

Market leader Wells Fargo has acknowledged that correspondent lending has lower profit margins than retail.

Investors see more value in non-QM whole loans rather than securitized credit products…

Rick Sharga, president and CEO of consulting firm CJ Patrick Co., likened LO signings to the current Major League Baseball winter meetings being held in San Diego “where general managers bid against each other for free agents.”

California accounted for the highest volume of originations of jumbos that could be lost to Fannie and Freddie.

Quicken Loans, United Wholesale Mortgage and Fairway Independent Mortgage, ranked first, second and third, respectively among FHA producers…

Scott Olson said CHLA is urging state and local regulators not to over-react to the FSOC report...