The forms of documentation allowed through Sterling's Advantage Loan program are more vulnerable to manipulation and misrepresentation than traditional documentation programs, according to Fitch.

The crux of the matter: “The agencies are aware that the use of certain alternative data may present no greater risks than data traditionally used in the credit evaluation process.”

The boost in securitization came despite headwinds from market dynamics…

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.”