Former Goldman Sachs officials sure like the nonprime mortgage space. (It's all about yield.)

The sale of RoundPoint Mortgage Servicing has fallen apart with the bidder walking away from the table, according to industry advisors close to the transaction. Sources indicate that Tavistock Group, the owner of the nation’s 24th largest servicer, still has an interest in finding a buyer for the servicer/lender, but for now no deal is imminent. Tavistock bills itself as an international private-equity firm with a strong interest in finance, real estate and other sectors. The firm is headquartered in the Bahamas. An advisor close to the transaction declined...

Pingora's Michael Lau was a key person in Bank of America’s massive servicing sales three years ago…

Flagstar is losing its chief legal officer...

Dan Goldman, vice president of sales, has been selected as the interim leader of Lenders One.

Apparently, the Blackstone Group recently closed on yet another mortgage company purchase...

So where is the non-QM business going? Unless, you’re talking non-QM jumbos, it’s safe to say nowhere fast...

When asked why he thought non-QM lending has been so weak he said, “The consumer is resistant to the pricing.”

One problem with the (latest) refi boom ending is that some loan officers working at net branches start getting nervous and begin seeking better product menus elsewhere...

RPM Mortgage recently agreed to pay the Consumer Financial Protection Bureau $19 million to settle allegations that it violated the agency’s loan officer compensation rule by steering consumers to costlier mortgages and then paying illegal bonuses to LOs for bringing in the higher yielding paper. But shortly after the ink was dry on the June 4 settlement announcement, the privately held RPM and its owner and CEO Robert Hirt went on the offensive, trying to give its side of the story in regard to one pertinent fact: the higher yielding mortgages cited by the agency. A spokeswoman for RPM contacted...