Apollo isn’t buying Select Portfolio Servicing from Credit Suisse; FHA seeking suggestions for changes to rehabilitation program; Hsieh’s fishing dream; mortgage fraudster sentenced to 10 years in prison.

Shellpoint Mortgage Servicing boosted its role as the leading servicer of loans in non-agency mortgage-backed securities late last year...

In recent weeks, investment-property loans accounted for the majority of collateral in non-agency mortgage-backed securities.

Only two prime non-agency MBS were issued during the fourth quarter of 2022.

Ares is a publicly-traded alternative investment manager with $352.0 billion of assets under management.

Rising interest rates take another bite out of loan applications.

Ginnie issued around $27.10 billion in MBS with single-family mortgages in January, a 5.7% decline from December and notably smaller than that month's decline of 14.2%.

Investigations by the Department of Justice and Securities and Exchange Commission linger over Sterling Bank & Trust's non-QM program closed in 2019.

Bill Emerson will serve as interim CEO of Rocket companies.

Upwards of $1.0 billion of non-QMs are sitting on warehouse lines that would have typically been sold months ago, according to one estimate.