EverBank Buying MetLife Warehouse Unit
February 10, 2012 EverBank, which has been carefully growing its mortgage business the past few years, has agreed to purchase the warehouse...

Fannie Hires Wells Executive to Head Customer Strategy
February 10, 2012 The GSE has hired Wells Fargo mortgage executive Anthony 'Tuck' Reed as a senior executive in charge of customer strategy and...

Ally Shopping ResCap/GMAC, but Will Anyone Pay Up?
February 9, 2012 The government-owned Ally Financial has issued an offering book on Residential Capital Corp. in the hope that it can finally...

MetLife May Have a Deal for Warehouse Division
February 7, 2012 Although insurance conglomerate MetLife failed to unload its residential lending division, it has found a buyer for its...

Smaller Mortgage Firms Consider Keeping More Servicing Rights
February 3, 2012 While Bank of America is shedding mortgage servicing rights en masse, dozens of small- to medium-sized mortgage firms have...

CitiMortgage Kisses Wholesale Goodbye
February 1, 2012 CitiMortgage, the nation's sixth largest residential wholesaler, Wednesday afternoon informed its loan brokers that it will...

FHFA Backing Away from Radical Servicing-Fee Changes
February 1, 2012 The Federal Housing Finance Agency is preparing to back away from a controversial plan to overhaul the servicing fees paid on...

Wells Fargo Is King of 4Q GNMA Bonds
January 25, 2012 The president of the Government National Mortgage Association, Ted Tozer, has been trying in vain to get more mortgage...

Caliber May Hire from MetLife
January 23, 2012 Caliber Funding LLC in Irving, Texas, is talking with several loan officers and support staff who worked at MetLife Home Loans...

Monopoly for Now for Jumbo Issuer
January 23, 2012 Redwood Trust is starting to feel like the Maytag repairman of the jumbo mortgage-backed securities market.