Secondary

Impac is looking to offer products in niches which are fragmentedbut offer the chance for wider margins, including reverse loans and 203(k) loans.

Commercial and multifamily mortgage originations in 2Q12 were up 25% on a year-over-year basis, benefiting from the same low interest rate environment that is sustaining residential mortgage lending.

But the HUD auction raises an interesting question: if HUD can unload nonperforming loans (NPLs) why can’t Fannie Mae and Freddie Mac?

A new series of Centex homes is designed “to respond to the increasing demand for affordable homes by “Generation Y,” the largest U.S. demographic, according to executives.

The story of WesCorp: How one corporate credit union came to grow fast, grow big, and grow into a problem that couldn't be resolved.

Late last week we blogged about how certain wholesalers are telling their loan brokers to take a number when it comes to getting approvals (and processing) on purchase money mortgages. We heard from a handful of brokers who said their wholesalers were different and from a few wholesalers who said they can move things along quickly.

Bank of America is ready to hit the market with a $100 million package of residential servicing rights backed mostly by nonperforming loans guaranteed by Freddie Mac.

Ocwen Financial—an avowed nonblank—is in the envious position of being among the nation’s fastest-growing specialty servicers with a niche in processing problem loans that no other company will touch.

If the CFPB makes brokering impossible, how many brokerage shops can afford to convert into a mortgage banking firm? The capital requirement is currently $2.5 million, while rumors persist that it may be hiked to $3.5 million over the next few years. The net worth requirement is set by Fannie Mae, Freddie Mac, and GNMA/FHA…

Gateway Mortgage Group, is looking to move into new markets by creating strategic partnerships with homebuilders and Realtors. It is also looking to expand on a traditional retail basis into Florida. And it has hired David Robinson to oversee both prongs.