The judge presiding over the case ruled that securities law regulates "disclosure of information, not the mismanagement of a company...”

The seller was not identified by name, though MountainView refers to the company as “well capitalized” and...

Over the past year, small and medium-sized lenders have dominated the activity in the merger and acquisitions market, but all that could be changing as consolidation fever begins to gather steam and larger, struggling players consider a take-out strategy. Also, the recent announcement that the Blackstone Group would buy a majority stake in Stearns Lending – the nation’s 12th largest originator – has sparked hopes among investment bankers that potential sellers are finally lowering their expectations when it comes to price. An offering book on Stearns had been circulating for at least a year. Meanwhile, analysts who follow Stonegate Mortgage, which ranks 25th among originators, this week suggested...

The nation’s top-ranked warehouse lenders ended the second quarter with $27.2 billion of commitments on their books, a 9.6 percent sequential increase and a handsome 43.8 percent gain from the same period a year earlier, according to survey figures compiled by Inside Mortgage Finance. The entire warehouse sector, a universe that includes roughly 60 active lenders, posted similar gains as nonbank lenders in the primary market continued to increase market share, which in turn feeds their thirst for financing an ever-increasing pipeline. “Utilization rates have been...[Includes one data table]

The CHLA noted that almost 99 percent of depositories are exempt from exams conducted by the Consumer Financial Protection Bureau.

When the Stearns announcement was made some of its competitors began speculating on what might happen to the acquisitions down the road.

In a statement, Stonegate said Cutillo will be “redirecting” his “entrepreneurial energy on a new endeavor going forward.”

What do nonbanks think about depositories avoiding the wholesale/broker sector? They love it.

If Fannie Mae's origination forecast comes true, just $615 billion in loans will be written from July 1 to Dec. 31, an ugly outlook indeed…

MBS Managing Partner Chuck Klein said the company in question owns at least $3 billion in mortgage servicing rights...