Correspondent

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.

JPMorgan Chase reported a 5% increase year-over-year in its second-quarter mortgage banking revenue even though its loan origination volume fell by 15%.

Walter Investment Management Corp. subsidiary Ditech Financial has relaunched a wholesale lending channel.

While many depositories do just enough mortgage lending to low- to moderate-income borrowers to meet statutory requirements, The Federal Savings Bank has made it a backbone for growth.

PennyMac Mortgage Investment Trust is now offering sellers the option to have the company underwrite the whole loans it purchases.

ICBA Mortgage has expanded its relationship with DH Corp. to offer Independent Community Bankers of America members access to the MortgageBot loan origination system.

Flagstar Bancorp is interested in buying a small-to-midsized independent nonbank mortgage banker as part of a strategy to boost its retail origination volume.

Stonegate Mortgage Corp. expanded its loss year-over-year following a decline in mortgage servicing rights assets.

Redwood Trust posted lower profits for the first quarter of 2016 as a result of falling interest income and the impact of lower interest rates.

Cost improvements weren't enough to keep Ocwen Financial Corp. out of the red during the first quarter.

An Altisource Residential Corp. affiliate is taking management's side in the real estate investment trust’s fight with activist investors.