Meanwhile, EJF Capital, the private equity firm headed by Manny Friedman, has dumped a large chunk of its stake in PHH...

At year-end, Arch MI had $6.83 billion of risk-in-force...

Redwood noted that although it is quitting commercial mortgage production, it will continue to “opportunistically invest in mezzanine and subordinate CMBS tranches that meet our risk/return profile.”

Shakeup at Ditech Financial: Patti Cook Out as President, David Schneider Is In

In its new annual budget, the White House declares that the FHA mutual mortgage insurance fund is vulnerable to “Black Swans...”

TRID has become such a serious problem that some lenders are starting the education process early with new loan officers.

Among those hiring is Jordan Capital Finance, Chicago, which seeks to add new loan reps and a senior vice president of sales and business development...

Paul Hindman, a consultant at Grid Financial Services, had this to stay about the deal: “The more important question is what other mortgage-related companies are on Computershare’s shopping list….”

Impac is working to increase originations of non-QMs as part of an effort to mitigate against reduced refinance volumes.

Earnings are high at most nonbank lenders these days, which makes them attractive to investors...