Wells Fargo and JPMorgan Chase continue to post strong residential finance profits, but there is a growing worry that the "mortgage party" may be drawing to a close.

Reverse Mortgage Solutions, a HECM lender bought by Walter Investment Management Corp. last fall, has received a $100 million warehouse line of credit from Royal Bank of Scotland, according to a new filing with the Securities and Exchange Commission. The line is legally structured as a master repurchase agreement. However, it is also considered “uncommitted” and matures in February of 2014. RMS will use the money to fund new originations of HUD-backed home equity conversion mortgages. Several of the nation’s largest banks have exited the HECM space the past two years, including Wells Fargo and Bank of America. A handful of nonbanks have moved ...

Reverse Mortgage Solutions has tapped RBS for a large warehouse line of credit that matures next year.

Citadel Servicing has raised $200 million in capital to originate residential subprime mortgages. Does this mean subprime lending is "back"? Answer: yes and no.

Banks and Wall Street firms are sticking their toes back in the water when it comes to making loans backed by mortgage servicing rights.

David Schneider, CEO of Vericrest Financial, a fast growing servicer that is rumored to be a bidder on Ally Financial’s $122 billion of mortgage servicing rights, has left the company, sources familiar with the situation told Inside Mortgage Finance. Schneider could not be reached for comment at deadline. A spokeswoman for the company would not comment on the situation but would not deny his departure either. Schneider has been building bridges in the servicing community…

City National Bank of Los Angeles is entering the mortgage warehouse business.

National MI, the Emeryville, CA-based mortgage insurer started by former executives at The PMI Group, has yet to write its first policy, but may soon.

PHH Mortgage and an affiliate have renewed a $450 million warehouse line with Wells Fargo Bank, N.A. for another year but reduced another facility it had with Barclays Bank PLC, according to a recent filing with the Securities and Exchange Commission.

Pacific Premier Bank, Costa Mesa, CA, is looking for a new warehouse lending executive to replace Bill Owen, who departed the company a few weeks ago.