Non-QM Securitization Closes
A securitization of primarily non-agency residential loans that don't meet the requirements of the Qualified Mortgage rule has been completed.
MSRs on Nearly $3 Bil in GSE Loans Up for Auction
Servicing rights on almost $3 billion in residential loans backed by the government-sponsored enterprises are being auctioned off to the best bidder.
Big GSE MSR Portfolio Being Offered
A portfolio of mortgage servicing rights on nearly $2 billion in first-lien government-sponsored enterprise home loans is being offered for sale.
LOS Updates, Enhancements Announced
Three origination channels will benefit from recent loan origination system updates, as will reverse mortgage originators and home-equity lenders. Other LOS changes will enhance compliance.
Massive MSR Offering Hits Market
A huge portfolio of mortgage servicing rights on loans backed by the Government National Mortgage Association has hit the market.
Lake Michigan CU Grows Mortgage Business
Lake Michigan Credit Union's real estate finance business expanded -- with a quarterly increase in home lending, servicing and staffing reported.
Over $1.5 Billion in GSE MSRs Up for Bid
Bids are being taken for an offering of mortgage servicing rights on more than $1.5 billion in government-sponsored enterprise home loans.
Over $1 Bil in Non-Performing GSE Loans for Sale
Bids are being accepted on a portfolio of more than $1 billion in government-sponsored enterprise home loans that are not performing.
Huge MSR Sale at Walter Investment
A massive sale of mortgage servicing rights on in residential loans has been negotiated by Walter Investment Management Corp.
PHH Home Lending, Delinquency Up as Losses Decline
Quarterly residential loan originations picked up at PHH Mortgage. While the company cut its losses, delinquency rose and the servicing portfolio declined.