What Were Hearing Certain mortgage bankers are using a four-letter word to describe the trifecta of final regulations unveiled by the CFPB the past two weeks, and as you might guess that word isnt love. The rules servicing, qualified mortgages and loan originator compensation will shape the industry for years to come... plus other mortgage industry happenings.
Nationstar Mortgage and KB Home are taking their strategic partnership to another level, setting up a new mortgage company that will provide mortgage banking services to new KB homebuyers across the U.S., the two firms announced.
Bexil American Mortgage, a company headed by industry veteran John Robbins, finally revealed the name of the mortgage banking firm it agreed to buy a few weeks back: Castle Mortgage of Vestavia Hills, AL.
Bexil American Mortgage has finally obtained its Ginnie Mae servicer approval and this week inked a deal to purchase a small nonbank lender whose identity it, so far, has not been revealed.
Mortgage portfolio vendor Altisource has completed the spin-off of two of its units, including one that will focus on buying and owning single-family rental assets.
Walter Investment Management Corp. is expanding its presence in the reverse market with an agreement to acquire Security One Lending (S1L), a California-based retail and wholesale reverse mortgage lender, in a stock-purchase deal valued at up to $31 million.