Financial institutions

A new crop of P-to-P loan platforms is focusing on commercial real estate loans that get ignored by banks.

The latest estimates of nonbank mortgage lender employment mark the largest number of workers since November 2013, and the biggest monthly hiring gain in six months.

Walker & Dunlop, through the Department of Housing and Urban Development's Lean 232 program, closed the first Rental Assistance Demonstration program loan for a health care facility.

Jeff McGuiness has exited the CEO position at Lenders One to become the chief sales officer for Embrace Home Loans.

Two groups representing small and mid-size lenders say new proposed state mortgage servicing standards for nonbanks will add an unnecessary layer of regulatory burden, especially for firms servicing Fannie Mae and Freddie Mac loans.

Ocwen Financial Corp. has priced $225 million of asset-backed notes being offered as part of a debt refinancing.

Some argue that nonbank mortgage lenders' rising market share poses a risk to the financial system. But this belief arises from an inaccurate understanding of what is in fact a well-regulated sector.

Nonbank lender HomeBridge Financial Services has lifted the curtain on a new mortgage platform aimed at community banks and credit unions.

Discover Financial Services will exit the residential mortgage-origination business that it acquired in 2012.

Casey Crawford went from playing on a team that won the Super Bowl to running a mortgage company that he expects to originate almost $8 billion in U.S. home loans this year.

RealtyMogul.com said it reached agreements for a total of $250 million in capital, which it will use to offer new products.

A new Department of Housing and Urban Development policy will make it easier for servicers to transfer certain reverse mortgages back to HUD instead of foreclosing on widowed nonborrower spouses.

Redwood Trust's latest residential mortgage securitization, Sequoia Mortgage Trust 2015-3, is backed by a slightly larger percentage of loans that fall outside of new ability-to-repay rules.

Ocwen Financial's sale of mortgage-servicing rights should generate sufficient liquidity for the Atlanta company to meet its debt-payment obligations, Moody's Investors Service said.

The mortgage lender Nationstar Mortgage Holdings is pouring a lot of energy into a digital and mobile homebuying platform called Xome. The strategy could attract tech-savvy millennials but carries plenty of risks including whether consumers would be improperly steered to its products.

The gap between how much homeowners think their home is worth compared to appraisers' values has grown wider, according to a Quicken Loans report.

Small banks and nonbank lenders are originating commercial mortgages with lower credit quality than the loans originated by large banks, according to a Fitch Ratings report.

Guarantee Mortgage Corp. has agreed to pay a $228,000 fine to the Consumer Financial Protection Bureau on allegations that it violated rules dealing with loan originator compensation.

Lenders keep hiring as outlook for home sales and originations remains uncertain.

The Consumer Financial Protection Bureau issued a consumer advisory on Thursday warning older consumers about misleading advertisements promoting reverse mortgages.