Correspondent

LoanLogics has raised $10 million in new capital that the mortgage software vendor plans to use to support its growth.

Redwood Trust has promoted its chief financial officer, Christopher Abate, to replace its departing president, Brett Nicholas.

As a handful of new issuers enter the market and the implementation of a key regulation pave the way for subprime securitization's comeback, the volume of new loans that are actually available to the market remains a question.

The American Bankers Association's mortgage subsidiary, ABA Community Bank Mortgage, has chosen BOK Financial Correspondent Lending to be its newest secondary market investor.

Zais Financial may shut down its business and liquidate its holdings if it can't a buyer or a merger partner.

Redwood Trust is "repositioning" its mortgage business by focusing mainly on jumbo loans, according to its top executives.

Radian Group's Clayton Holdings hired Brian Wornow to be senior managing director of lending services as the mortgage-information unit seeks more business from Wall Street firms.

Walter Investment Management Corp. has named David Schneider as president of servicing and originations at Ditech Financial.

CU Companies on Monday said it finished 2015 with "significant growth" in its mortgage lending partnerships.

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