Citi Bringing Back Some Brokers
Citigroup Inc.'s mortgage unit is re-establishing relationships with some of the same brokers it previously stopped doing business with. It's the second time the company has stepped back from an origination channel only to wade in the water again.

In October 2008, CitiMortgage disclosed that it was cutting off some of its mortgage brokers and focusing on brokers with the higher quality loans and higher volume.

At the time, the company told MortgageDaily.com that it was "redefining the wholesale business model to work with a smaller, targeted group of brokers."
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Bank Retakes Lead in Reverse Production
A monthly tally of reverse mortgage originations by lender indicates that the top spot has changed hands again. But the biggest wholesale lender in the reverse mortgage arena maintained its title.

California Firm Launches Wholesale Operation
A California-based lender who claims to be among the country's biggest originators of Federal Housing Administration loans is opening a wholesale lending division.

MetLife Nails Reverse Deal With Banks
MetLife Home Loans has negotiated an exclusive agreement to provide third-party reverse mortgage programs to financial institutions. The deal follows the parent company's ascension to the No. 1 reverse mortgage lender spot.

Consumer Group Takes on Broker YSPs
A consumer group is at odds with mortgage brokers over the use of yield spread premiums. The group seeks to make wholesale lenders liable for broker misconduct tied to YSPs.

MetLife Biggest Wholesale Reverse Lender
The latest monthly data indicate that wholesale reverse mortgage volume shot up at MetLife Bank -- making it the biggest reverse wholesaler in October. But the increase at MetLife came despite an overall industry decline.

Growing Lender Headed Past $1 Billion
A growing Connecticut firm is on its way to reaching $1 billion in annual originations. A new wholesale unit will help fuel the growth.

Huge Broker Acquiring Wholesaler
A California mortgage broker with nearly $3 billion in annual originations announced a deal to acquire a wholesale lender.

WA Wholesaler Expanding to East Coast
A growing wholesaler is entering the East Coast market through Maryland. The wholesale expansion will be followed by an expansion at its net branch unit.

Wells Wholesale Cuts LTVs, Increases Doc Requirements
Wells Fargo Home Mortgage's broker unit recently scaled back on loan-to-values as a result of changes by mortgage insurance companies. In addition, documentation requirements have increased.