Correspondent

The deal includes about 250 correspondent relationships accounting for more than $7 billion of annual agency and governmental residential mortgage loan production.

Seattle-based online real estate brokerage Redfin is creating a mortgage bank subsidiary in a bid to offer end-to-end real estate services.

Many big banks are backing away from the retail channel and FHA lending due to rising compliance costs. But U.S. Bank Home Mortgage President Tom Wind sees an opportunity to leverage those challenges to improve efficiency and transparency.

Tom Wind is once again leading a large bank's mortgage operation. As the new president of U.S. Bank Home Mortgage, he's set a course that embraces retail, regulation and the FHA.

Shellpoint Partners is preparing its first private-label mortgage securitization in over a year, according to Kroll Bond Rating Agency.

Mortgage brokers were among the companies that received the regulator's warning letters, but brokers are not required to report HMDA data — leading many to suspect mini-correspondents, which straddle the line between broker and lender, were the recipients.

Ellie Mae and Black Knight Financial Services offer mortgage lenders different value propositions so the competitive dynamic between the two companies hasn't changed, said Ellie Mae CEO Jonathan Corr.

Ellie Mae has launched the Encompass Lending Platform, allowing customers to integrate external systems and data, and build custom applications in the cloud.

Greg Carmichael, who has been on the job nearly a year as Fifth Third's CEO, has started putting his stamp on the company by aggressively trimming branches in favor of mobile, seeking to build up its consumer credit business and retooling the balance sheet.

Black Knight Financial Services has integrated technology from Fannie Mae and Freddie Mac with its LoanSphere Empower and LendingSpace loan origination systems.

David Schneider, who became Ditech Financial's president in February, is no longer with the lender as parent company Walter Investment Management streamlines leadership under its new CEO, Anthony Renzi.

JPMorgan opted for more geographic diversity in its third securitization this year of prime fixed-rate residential mortgages predominately located in high-priced urban markets.

Impac Mortgage Holdings has released the pricing of an upcoming follow-on stock offering.

The Consumer Financial Protection Bureau can determine nearly anything to be an unfair, deceptive or abusive act or practice, and it's more likely to do so when lenders try to take advantage of regulatory loopholes.

It's the end of an era for BankUnited as John Kanas will step aside as president and chief executive on Jan. 1.

Mid America Mortgage will begin purchasing electronically closed loans through its correspondent lending channel.

BOK Financial plans to exit the correspondent lending channel by the end of the year because of increased competition and low rates.

Mid America Mortgage in Addison, Texas, has executed its first electronic closing and e-note through its retail origination channel. The closing builds on the company's plan to expand e-closings and e-notes across all of its origination channels.

Impac Mortgage Holdings reported a year-over-year drop in net income during the second quarter as a more substantial loss on mortgage servicing rights and costs related to the CashCall Mortgage merger weighed on earnings.

Uncertainty about what constitutes a TRID error has had a direct impact on independent mortgage bankers. But some warehouse lenders that provide those originators with interim funding have also been affected by the liquidity concern, taking on increased risk exposure.