Correspondent

The USDA mortgage production operation makes up a very small part of JPMorgan Chase's overall lending business.

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.

The final deadline for all Top Producers Survey responses is here. All entries must be submitted online by 6 p.m. EST Monday, Feb. 1.

John Kanas, BankUnited's CEO, said the business never turned a profit, and there were no indications that it would. The company, meanwhile, remains committed to other residential lending operations while focusing on expanding its other businesses across Florida.

Redwood Trust in Mill Valley, Calif., plans to stop buying mortgage loans to resell to Fannie Mae and Freddie Mac as it looks to cut costs.

Fourth-quarter mortgage banking income at Wells Fargo & Co. totaled $1.7 billion, up 10% from the $1.5 billion recorded in the fourth quarter of 2014, as the gain on originations and sales increased by $145 million year-over-year.

Ditech Financial, a subsidiary of Walter Investment Management, is exiting the distributed retail mortgage production channel.

National Cooperative Bank has formed a partnership to invest $40 million in an effort to provide loans for resident-owned manufactured home communities.

Funds managed by Blackstone's private equity group will acquire a majority stake in the corporate parent of Stearns Lending for an undisclosed amount.

Resitrader has introduced an online marketplace for the exchange of loan data, documents and pricing information.

Ditech Financial, a nonbank lender in Fort Washington, Pa., is the latest lender to bring back the piggyback mortgage by offering a closed-end home equity loan product.

SunTrust Banks in Atlanta has promoted an executive to oversee its consumer banking and wealth management operations