Caliber Making Significant Acquisition
The planned acquisition of a California-based company will add $1.5 billion to Caliber Home Loans Inc.'s annual originations and hundreds of employees to its payroll.
FDIC Wins Appeal in RMBS Case
A lower court's ruling against the Federal Deposit Insurance Corp. has been overturned on appeal, paving the way for the regulator to pursue losses from residential mortgage-backed securities.
Online Lenders Among Mortgage Mergers
Two online residential lenders, including a startup and a newly acquired firm, hope to shake up the home-lending process. Another recent mortgage-related transaction involves a correspondent rural lending business.
PHH Cutting Correspondent, Reducing MSRs
As quarterly home lending slowed and the servicing portfolio contracted, PHH Mortgage revealed plans to get out of correspondent lending and reduce its mortgage servicing rights.
Tennessee Bank Fails
A bank out of Tennessee has been seized by state regulators and closed down. Meanwhile, it was recently revealed that United Wholesale Mortgage's retail unit previously closed down.
HomeStreet Origination Slip, Servicing Up
Residential loan originations during the first quarter declined from the final-three months of last year at HomeStreet Inc. But the servicing portfolio grew.
BBT Originations Edge Up, Servicing Slips
Quarterly mortgage originations were slightly higher than three months prior at BB&T Corp., though the mortgage investment and servicing portfolios were slightly lower.
Senior Mortgage Managers Shuffled
A new top executive was recently named to a government-sponsored enterprise. Outside the c-suite, a number of mid-sized and small mortgage firms have filled a variety of executive positions across the country.
Another Investment Banker Settles With NCUA
Just one day after disclosing a settlement with an investment banker over toxic residential mortgage-backed securities, the National Credit Union Administration is at it again.
Credit Suisse RMBS Settlement Bumped Up
A settlement between Credit Suisse and the federal regulator of credit unions has been increased by more than $20 million.