Nierenberg, a former Bear Stearns executive, stressed that New Residential is going to be relatively conservative with its underwriting standards for non-QMs.

Stan Kurland: “We expect to see consolidation in the mortgage market, and successful firms will be the ones that have the size, scale and technological capabilities to compete."

The deal is backed by jumbo reverse loans with a total unpaid principal balance of $571.8 million…

Fun fact: Consumers with their names in the email address were 30 percent less likely to default than other customers.

Fix-and-flip loans generally have terms that range from a few months to three years…

On Wednesday, Freddie Mac will release third-quarter results...

John Ryan, president and CEO of the CSBS, compared the potential impact from the fintech charter to issues involving federal preemption of state laws in the lead up to the financial crisis.

During the financial crisis, average interest rates on conforming mortgages were much lower than rates on jumbos…

Correspondent production accounted for 76.1 percent of Flagstar’s originations during the quarter...

TIAA is preparing to issue its third prime non-agency mortgage-backed security of the year...