The spokesperson noted that Guaranteed Rate founder and CEO Victor Ciardelli “is still in control.”

The acquisition, once consummated, will put New Residential in the business of originating loans directly to consumers. It also could have CFPB implications…

Another contributing factor to slower sales: Concerns about how the pending GOP tax bill might hammer the asset value of servicing rights...

The seller of the MSR package is looking for a final sale date of Jan. 31…

One of these days an answer will arrive, but until a mortgage company is sold for Bitcoins, we’ll stay on the sidelines…

The recent announcement that New Residential Investment Corp. will buy the New Penn mort-gage banking operation of Shellpoint Partners is fueling speculation that more publicly traded real es-tate investment trusts might dive into the business of residential lending.

According to figures compiled by Inside Mortgage Finance, New Residential ranks fifth among all residential servicers with $343.0 billion of contracts at Sept. 30. New Penn ranks 46th among lenders.

Last year, Mortgage Banking Solutions brokered five deals. This year, the firm hopes to complete four and maybe five…

Guild Mortgage, San Diego, has expanded its presence in the Midwest...

The sale of mortgage banking franchises and asset-related acquisitions are gaining traction as the year draws to a close, but dealmakers aren’t expecting any blockbuster moves before yearend. According to interviews conducted by Inside Mortgage Finance with investment banking advi-sors, many lenders remain profitable and are enjoying a 2017 that turned out to be better than expected in terms of origination volume.