Walter Investment is buying the residential origination platform of Ally Bank for next to nothing.

Joe Anderson, who worked at Countrywide Financial Corp. for 17 years and then Nationstar, is considered the top candidate to get the CEO job at Vericrest Financial.

Stonegate Mortgage has launched a new jumbo conduit, hiring Eric Schlotz, a 15-year veteran from GMAC-RFC in Minneapolis, to manage the operation.

Fortress Investment Group has raised $1.6 billion to buy mortgage assets, including servicing rights.

Is BlackRock up to something regarding its investment in Redwood Trust?

David Schneider, CEO of Vericrest Financial, a fast growing servicer that is rumored to be a bidder on Ally Financial’s $122 billion of mortgage servicing rights, has left the company, sources familiar with the situation told Inside Mortgage Finance. Schneider could not be reached for comment at deadline. A spokeswoman for the company would not comment on the situation but would not deny his departure either. Schneider has been building bridges in the servicing community…

First Guaranty is experiencing strong growth in its servicing business. Meanwhile, lenders worry about higher net worth requirements from the GSEs.

City National Bank of Los Angeles is entering the mortgage warehouse business.

Nationstar Mortgage closes on servicing deals.

Relatively new players to the world of Fannie Mae approvals are starting to gripe a little more about the “volume curbs” that the GSE is placing on its “newbie” customers. One mortgage banker, who spoke under the condition his name not be used, told Inside Mortgage Finance ...