The firm named Chief Financial Officer Glenn Votek interim CEO and president as it searches for a permanent replacement.

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

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

Professionals familiar with the product say investment-property loans underwritten using debt service coverage ratios are easier to underwrite than mortgages made to self-employed borrowers using bank statements...

Only four REITs upped their agency MBS holdings in the third quarter, including New Residential Investment Corp., New York, also a large holder of mortgage servicing rights…

It would be a radical change, but the FHFA may allow nonbank mortgage firms to become FHLB members, giving them access to advance window...

Originations are increasing, demand in the secondary market is strong and the interest rate premium on non-QMs is declining, helping to prompt more lending volume.

The shift in loan type prompted higher credit enhancement: 26.8% on the senior tranche...

“The purpose of this letter is to notify you of our findings, outline VA’s expectations regarding your efforts to cure noncompliance, detail what actions you might take and inform you of the actions VA will take if your curative efforts fail to bring the loans into compliance,” the correspondence reads…

Luxury Mortgage was founded in 1996 and is currently headed by CEO David Adamo. Years ago, there was a company with a similar name headed by Michael Covino…