Lending to one's own employees: How big of a deal?

In 2018, Pacific Union had total expenses of $268.6 million, of which $164.1 million went for personnel...

The non-agency market, which is dwarfed in size by agencies, saw $3.0 billion in securities change hands on a daily basis in March, the strongest reading since June of 2018.

One of the stipulations of the sale is that the buyer of the package cannot attempt to refinance the loans for at least 24 months – an indication the seller could be a wholesaler.

A stand-out was Texas Capital's “loans held for investment” program which ended the quarter at $6.30 billion, up 34% from a year ago. 

The Ocwen filing notes that Messina was paid $240,000 per month in order to preserve his availability...

So far, five major banks — Wells Fargo, JPMorgan Chase, Bank of America, U.S. Bancorp and Citigroup — have reported first-quarter results, including limited details about home lending. The bottom line: mortgage lending suffered at most, but not all.

Eight years ago, there was just one nonbank ranked among the nation's top 10 residential servicers. Today, it's a whole new ball game.

The Chapter 11 bankruptcy filing also reveals that Fannie Mae is a large subservicing client of Ditech’s, though not its largest. That distinction belongs to New Residential Mortgage, the REIT…