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.
The rising tide also include competitors CoreLogic and Ellie Mae.
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.
Nationstar Mortgage is financing nearly 60% of KB Homes new orders.
JPMorgan has another prime jumbo mortgage-backed securities deal in the pipeline, according to three companies presale ratings reports.
One poster says that brokers should expect wholesalers to trim the number of originators they have approved.
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.
New Residential Investment Corp. has invested $38 million to acquire certain cash-flow privileges from mortgage servicing rights recently acquired by Nationstar Mortgage.
Home prices jumped 1.3% from February to March as the spring home buying season got off to a good start.
Potential homebuyers are worried about the inventory shortage and rising prices in regards to current market conditions.
New home sales rose 2.3% in April following an upward revision in March sales and prices rose at a fast pace.
Under the settlement, Ally will pay $1.95 billion in cash to the ResCap bankruptcy estate, plus $150 million in insurance proceeds.
Pending home sales in California fell 3.7% on a month-to-month basis in April.
Long-term mortgage rates rose further during the week ending May 23.
Toll Brothers is finding more buyers for jumbo loans, including a major insurance company.