Correspondent

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

A number of investment banks have been increasing the portion of high-quality loans backing commercial mortgage bonds.

Texas Capital Bank in Dallas has created a correspondent aggregator channel to complement its existing warehouse lending program.

Parkside Lending has introduced jumbo mortgages for properties with loan-to-value ratios as high as 95% and without mortgage insurance.

Blackstone Group has acquired a majority stake in the parent company of nonbank mortgage lender Stearns Lending.

Austin First Mortgage uses a combination of internal and customer-facing marketing technologies to keep borrowers are engaged and informed throughout the loan process.

A survey from Fannie Mae found that lenders use credit overlays in a limited manner, with some variations based on channel.

Texas Capital Bancshares in Dallas has formed a mortgage correspondent aggregation business line, to complement its existing mortgage finance business.

The Consumer Financial Protection Bureau's new integrated disclosure regulations could pose problems for warehouse line providers along with their mortgage lender clients.

United Wholesale Mortgage has begun offering interest-only mortgages through its third party origination channels.

purchase lending, loan production, Wells Fargo, home lender