Banking

Blue Lion Capital, which has been a vocal critic of the Seattle company's strategy, also wants management to consider selling its MSR portfolio.

The Seattle company is firing 127 people, or a tenth of its mortgage staff, after enduring months of slow activity.

Angel Oak Commercial Lending has acquired a controlling interest in lender Cherrywood Mortgage in order to strengthen its focus on small-balance commercial lending.

Black Knight has acquired HeavyWater, a developer of artificial intelligence and machine learning technology for the mortgage industry, and plans to incorporate the startup's borrower data verification and other automation capabilities into its existing product suite.

Two South Korean financial firms have bought $100 million of debt on a New Jersey residential building that's part-owned by the family of Jared Kushner.

The value of commercial-property deals rose 6.7% in the first quarter from a year earlier, but higher interest rates and softer demand will weigh on the market, Ten-X Commercial said.

Promontory MortgagePath fills management roles for bank relations, technology and outsourced services opportunities.

The borrowers behind the $401.6 million COLT 2018-2 have weighted average liquid reserves of $426,633, or nearly twice the level of borrowers backing a deal completed in January.

Although mortgage default risk remains very low, it was the only category of consumer lending to experience increases both sequentially and year-to-year in VantageScore's latest update to its index.

Lenders would have a lighter data-reporting burden, but they may end up deciding to collect the data anyway.