By the way, 10 years ago, PennyMac didn’t even exist. Today, it ranks sixth among all residential lenders and 11th among servicers...

The only significant nonprime competition Angel Oak faces is Citadel Loan Servicing, Irvine, CA.

Some 66.5 percent of the loans to be included in the MBS are purchase mortgages. The mortgages have seasoned for four months, on average and none were delinquent at the time the deal was priced.

More evidence that the government has a hard time holding on to victories in subprime-related mortgage cases...

Sky high housing costs in the Bay Area prompts one lender to roll out a $2 million jumbo loan, no money down...

Stonegate Mortgage is the top contributor to the deal with a 32.3 percent share, followed by Prime Lending with a 21.6 percent share...

What year-end slow down? Michigan Mortgage is searching for 14 new employees for ten of its 28 locations. A majority of the jobs are for loan officers and underwriter positions...

Fleig said Fannie’s new policy has prompted some questions as industry participants haven’t seen a draft of the subordination agreement seller/servicers will have to sign.

Jumbo mortgages remain the product of choice for bank portfolios, though some lenders are retaining originations of conventional-conforming mortgages.

In addition to state law, federal laws address cross-selling issues. The Real Estate Settlement Procedures Act, for example, covers referrals of settlement service business, like residential mortgage loans.