With the second quarter in full swing, several advisory firms are actively offering packages, including Interactive Mortgage Advisors, Phoenix Capital and The Prestwick Group.

But not to worry: the FHFA said the projections were mandated under the Dodd-Frank Act, cautioning that its estimate is just that, and not an expected outcome….

Blackstone, without fanfare, purchased Gateway Funding in Horsham, PA. More deals are in the works...

Nationstar will take title to $6.7 billion of Fannie Mae, Freddie Mac and private investor product owned by EverBank...

More than half of Flagstar's servicing portfolio consists of subservicing contracts.

Quicken made news earlier in the year when it heavily promoted to loan brokers a 60-hour LPMI “sale” committing coverage for $100 million in originations.

Recruiter Rick Glass said the thirst to hire high-caliber mortgage COOs is coming from lenders that “want to move to the next level.”

Company CEO Mat Ishbia also believes that the loan broker channel is beginning to gain market share, a sentiment borne out by others in the industry.

Could another former subprime mortgage executive be reentering the game?

The bid deadline is May 12 and according to Prestwick, the seller wants to “start deliveries as soon as possible.”