The sale is expected to close in late August or September and requires the approval of Fannie Mae, Freddie Mac and Ginnie Mae, among others.

Pingora's Michael Lau was a key person in Bank of America’s massive servicing sales three years ago…

J.P. Wieske, legislative liaison and public information officers for the WIC, confirmed that the state has made an information request, but would not address content.

“With the Fannie [Mae] discount gone, I’m not sure it’s worth staying a member,” said this executive, regarding the Lenders One cooperative...

Flagstar is losing its chief legal officer...

Dan Goldman, vice president of sales, has been selected as the interim leader of Lenders One.

Apparently, the Blackstone Group recently closed on yet another mortgage company purchase...

So where is the non-QM business going? Unless, you’re talking non-QM jumbos, it’s safe to say nowhere fast...

When asked why he thought non-QM lending has been so weak he said, “The consumer is resistant to the pricing.”

One problem with the (latest) refi boom ending is that some loan officers working at net branches start getting nervous and begin seeking better product menus elsewhere...