After HomeBridge buys the Sherman Oaks, CA-based lender, the Prospect Mortgage name will disappear, said CEO Peter Norden.

Roughly $4.0 billion, or 72.7 percent, of Nationstar's production came through its consumer direct channel. Purchase loans represented 24 percent of originations.

During his career, Cotton has worked for Freddie Mac, Bank of America and Sterling Savings Bank, among others.

Will we finally see a 2.0 percent fixed-rate GSE loan then? Black swans, black swans...

Through the first nine months of 2016, Freddie Mac earned $2.97 billion. It lost $354 million in 1Q and then turned around and posted a $993 million profit in the second quarter.

According to the offering circular, 82 percent of the underlying mortgages were sourced through loan brokers...

The research firm also cites what it calls a “lack of transparency regarding fundamental business and accounting drivers”…

The sale was brokered by investment banker Houlihan Lokey.

The NPLs are being offered on behalf of a residential loan asset manager…

Are nonbanks 'shadow' institutions, and if so, is that a bad thing?