REIT Acquires Small Servicer
A real estate investment trust has acquired a mortgage servicer out of Texas with a servicing portfolio less than $10 billion.
Impac Selling Servicing Subsidiary
Impac Mortgage Holdings Inc. is selling a mortgage servicing subsidiary in a move that is expected to free up cash to grow its own servicing portfolio.
Stonegate Making Another Acquisition
Stonegate Mortgage Corp. is putting its newly acquired capital to work with another agreement reached to buy a mortgage production business.
Nationstar Only Mortgage Lender to Report Increased Originations
Nationstar Mortgage Holdings Inc. is so far the only home lender to report an increase from the second quarter in mortgage production. The company however, is eliminating more than a thousand jobs.
Nationstar Exiting Wholesale Lending
Nationstar Mortgage Holdings Inc. is unloading its wholesale lending business. But mortgage brokers will still have access to the unit.
Capital One Becomes Top Multifamily Lender
A recently announced planned acquisition by Capital One Financial Corp. has closed -- making the financial services firm one of the largest multifamily lenders in the country.
SunTrust Abandoning Mortgage Broker Business
SunTrust Banks Inc. has made a decision to close its mortgage broker lending business. The move is likely to reduce residential originations by more than 10 percent.
Mortgage Insurer Could Rise from Dead
A mortgage insurance company that stopped insuring residential loans at the height of the housing crisis might make a go at the business again.
Mortgage QC Firm Laying Off Hundreds
A mortgage service provider that offers quality control services is laying off hundreds of employees in the face of a changing environment.
Biggest VA Lender Closing
A Florida firm that claims to be the biggest originator of VA loans, has already laid off nearly 400 employees this year and agreed in June to pay a more than $7 million civil money penalty is now throwing in the towel. The cost of regulatory compliance is being blamed for the decision to close.