As Wells trims its presence in warehouse finance, the former head of the department lands at Signature Bank...

NewRez had $4.3 billion of loan funding capacity across nine warehouse credit facilities prior to the securitization.

Interestingly, NYCB, which reduced its presence in home lending long ago, will now be a major player once again.

For Ocwen, the acquisitions represent a chance to grow its lending business and bolster its MSR portfolio.

HUD has no plans in the near-term to adjust FHA mortgage insurance premiums.

The notes acquired by institutional investors carry a maturity of three years.

The great irony: As federally insured banks continued to lose residential lending market share to the Quickens and the Freedom Mortgages of the world, their investment banking units benefitted by arming the competition.

The industry veteran joins a growing list of highly regarded members of GSE leadership who have recently decamped for greener pastures in private enterprise.

The facility allows for originations of jumbo mortgages along with conforming loans.

MBA criticized the secretive nature of the rule change, arguing that by using lender letters, the maneuver short-circuited the normal comment period…