Requirements Stiffened on FHA Distressed Loan Sales
Changes being made to a program to sell distressed mortgages insured by the Federal Housing Administration extend the amount of time investors must wait to liquidate the assets.
Wells Fargo Adding Correspondent Mortgage Jobs
Wells Fargo & Co.'s home lending unit is in the process of recruiting correspondent lending employees in the state of Illinois.
Stonegate Production Hurt By Correspondent
For the second time in a row, quarterly mortgage production fell at Stonegate Mortgage Corp., with the most-recent drop due to slowing correspondent business. Servicing and staffing also declined.
MSRs on Over $3 Billion in Loans Change Hands
The parent of Reverse Mortgage Funding LLC is acquiring mortgage servicing rights on more than $3 billion in loans.
Nearly $2 Billion in GSE MSRs Up for Grabs
Two separate offerings of mortgage servicing rights on nearly $2 billion in government-sponsored enterprise loans are on the market.
Securitization Among Largest of Its Kind
The closing of a securitization of seasoned residential loans has turned out to be one of the biggest ever of its kind.
SunTrust Mtg Lending & Earnings Up, Servicing Down
While residential lending grew at SunTrust Banks Inc., the loan servicing portfolio shrank. Still, mortgage earnings climbed over the prior period.
G-Fees to Be Updated
More than a year after undertaking an analysis of the impact from increased guarantee fees on government-sponsored enterprise loans, changes are being made.