Regarding the apology, one human resources executive said Garg’s new email is “too little, too late. I think Garg now realizes he made a tragic mistake.”

Redwood recently issued a jumbo MBS sized at roughly $1.0 billion, while the new offering from the nonbank is somewhat smaller.

Better.com still hopes to go public via a special purpose acquisition company maneuver...

FHFA should use its authority to constrain GSE acquisitions of high-balance mortgages, according to Redwood Trust.

FHA volume was incrementally higher in November, while deliveries of VA, Native American and rural housing loans were lower.

MBA says the system issues have caused significant delays and imposed costs on state-licensed companies.

The ECM gain came as overall production fell 2.8% from the second quarter to the third...

The FHA wants Catalyst to serve as a single platform for lenders to interact with the administration in an effort to lower costs and reduce risk and fraud.

Combined MBS issuance from Fannie, Freddie and Ginnie declined 11.5% from October...

The loan brokerage sector fared a bit better with layoffs of just 200 workers...