Thompson also made it the FHFA will not be changing seller-servicer standards for nonbanks this year.

Steve Abreu, who founded Newfi and serves as its CEO, will stay on with the mortgage firm after the sale closes.

The pitch, emailed by On The Money Acquisition Partners, Charlotte, NC, continues: “Overnight, your situation can be completely different than the previous day.”

Prime non-agency MBS issuance jumped 51.9% from the second quarter to $26.58 billion in the third. Some $14.91 billion came from deals backed by traditional jumbo loans that exceed agency loan limits...

The one saving grace for these companies is that the recent rise in rates has increased the asset value of their servicing portfolios...

The REIT continues to make venture capital investments in ancillary businesses, including Canopy Financial Technology Partners...

Ocwen hints at good things in its (coming) 3Q21 results...

Lower all-around at Wells Fargo: home lending, mortgage servicing rights, branches and employees...

Some lenders are sending big contingents to the trade show., while others are staying home...

Fannie, Freddie and Ginnie securitized $345.72 billion of loans with some form of primary MI during the third quarter, an 8.3% drop from the previous period.