Bloomberg News | May 23
Lloyds Banking Group plans to auction about $8.7 billion of U.S. mortgage securities without government backing that were issued before the credit crisis.
Brad Finkelstein | May 23
The rising tide also include competitors CoreLogic and Ellie Mae.
Austin Kilgore | May 23
Fidelity National Financial dominates mortgage underwriting. Its former LPS unit is the top mortgage servicer. The question is whether by reuniting two companies that have run out of room to grow separately can prosper together.
Brian Collins | May 23
Nationstar Mortgage is financing nearly 60% of KB Home’s new orders.
Bonnie Sinnock | May 23
JPMorgan has another prime jumbo mortgage-backed securities deal in the pipeline, according to three companies’ presale ratings reports.
NMN Staff | May 23
One poster says that brokers should expect wholesalers to trim the number of originators they have approved.
Brad Finkelstein | May 23
Ellington Management Group is looking to get into the loan production business and towards that end it has hired former GMAC Mortgage executive Steven Abreu as head of mortgage originations.
Amilda Dymi | May 23
New Residential Investment Corp. has invested $38 million to acquire certain cash-flow privileges from mortgage servicing rights recently acquired by Nationstar Mortgage.
Brian Collins | May 23
Home prices jumped 1.3% from February to March as the spring home buying season got off to a good start.
Brad Finkelstein | May 23
Potential homebuyers are worried about the inventory shortage and rising prices in regards to current market conditions.
Brian Collins | May 23
New home sales rose 2.3% in April following an upward revision in March sales and prices rose at a fast pace.
Bloomberg News | May 23
Under the settlement, Ally will pay $1.95 billion in cash to the ResCap bankruptcy estate, plus $150 million in insurance proceeds.
Brad Finkelstein | May 23
Pending home sales in California fell 3.7% on a month-to-month basis in April.
Bonnie Sinnock | May 23
Long-term mortgage rates rose further during the week ending May 23.
Brian Collins | May 22
Toll Brothers is finding more buyers for jumbo loans, including a major insurance company.
