Stonegate Chief Out
The founder and chief executive officer of one of the 20-largest home lenders in the country is resigning his post.
RBC Found Liable in Thornburg Case
A unit of Royal Bank of Canada has been been found liable for $45 million in a lawsuit filed on behalf of the now-defunct Thornburg Mortgage Inc.
Nationstar Giving $30 Mil to Distressed Borrowers
Nationstar Mortgage is providing $30 million to borrowers on distressed home loans in an agreement tied to financing for a new $500 million basketball arena.
Walter Affiliate Acquires MSRs on $3 Bil in Loans
Mortgage servicing rights on more than $3 billion in government-sponsored enterprise loans have been acquired by an entity related to Walter Investment Management Corp.
Owner of Former VA Mortgage Lending Giant Sued
The owner of a closed mortgage firm has been added to a federal whistleblower lawsuit accusing the company of overcharging veterans and defrauding the government.
Servicer Income, Portfolios Up Despite Lower Efficiency
Non-bank servicers of residential loans managed to grow their servicing portfolios and income despite a decline in efficiency per employee.
Mortgage Operating Metrics Improve Across the Board
Mortgage lenders managed to boost quarterly home loan originations while, at the same time, increasing the amount they earn per loan.
Busy Pace of Mortgage M&As Continues
Along with a host of larger mortgage mergers and acquisitions that have been recently announced, several smaller deals have closed.
Mortgage Player Just Got More Significant
An investment fund that recently became a player in the world of mortgage banking has just made a huge acquisition that will boost its wholesale presence.
MBS Trustee Sued by Bank Regulator
A mortgage-backed securities investor lawsuit against The Bank of New York Mellon Corp. focuses not on the company's role in the original issuance, but on its role as trustee.