Associates of Erbey told IMFnews that he knew several weeks ago that he would be stepping down from the company and viewed himself as a sacrificial lamb of sorts…

Scavone was hired by the company in January of 2014.

Plunging oil prices have led to a sell-off in stocks and a flight to quality, namely U.S. Treasuries and agency-backed MBS.

A mid-sized nonbank based in Texas saw two of its top officers resign last week, industry sources confirmed to IMFnews.

Moreover, CMLA wants lower guaranty fees for seller/servicers...

What do Fannie and Freddie really think of nonbanks? Read their SEC filings.

New Penn also reorganized its origination channels, consolidating wholesale and correspondent, while adding a mini-correspondent business line.

Compared to two years ago, staffing levels at the CFPB have increased a whopping 55 percent. Of course, Congress has no say over the agency’s budget.

The new plea from the CHLA comes at a time when depositories are losing origination market share to fast growing nonbanks like Freedom Mortgage, United Wholesale Mortgage and others.

But is DocMagic president and CEO Dominic Iannitti done buying? Stay tuned…