Nonbank

Ocwen Financial Corp. announced that it will lay off approximately 300 residential servicing employees at its facility in Waterloo, Iowa.

The owner of a New Mexico mortgage lender has acquired a controlling interest in Goldwater Bank in Scottsdale, Ariz.

When he's not co-hosting his talk radio show or helping clients, Residential Home Funding's Marc Demetriou is studying loan program guidelines, a task he credits for helping him become one of the industry's top producing loan officers.

The rising costs to service mortgages reflects a market where there are not only downsides to being too small, but hurdles to being too large — raising the question of whether there's a middle ground where servicers are not too big, not too small, but just right.

Years after the great American housing bust, mortgages akin to the so-called liar loans — which were made without verifying people’s finances — are creeping back into the market.

Guaranteed Rate has added 75 former Discover Home Loans employees as well as the Irvine, Calif., call center facility that they worked at.

Non-bank originators add 3,200 new employees in July.

After his son was born with a number of serious medical conditions, Atlantic Coast Mortgage's Thad Musser has made it a personal mission to show gratitude to the hospital responsible for his treatment. Little did he know these gestures would help him bond with customers who have faced similar experiences.

The resignation of Stonegate Mortgage founder and CEO Jim Cutillo will likely result in either the quick hiring of a replacement CEO to execute Stonegate's business plan or the company being acquired, according to analysts at FBR Capital Markets.

Residential mortgage servicers are once again tapping the securitization market to fund advances to bondholders for the first time since April 2014.