Nonbank

Millennial borrowers display a more prodigal and unconventional attitude to borrowing than their elders, a loanDepot survey suggests.

Employment at nonbank mortgage banking and brokerage firms was steady in August, ending a six-month run of job gains.

With the implementation date for the TILA-RESPA Integrated Disclosures just days away, here's a look at some of the finishing touches the mortgage industry is making to its technology and training preparations.

Ginnie Mae's plans to beef up oversight in response to the growth of nonbank issuers in its ranks will emphasize deeper analysis of firms' capital and liquidity positions rather than requiring issuers to maintain larger cash reserves.

The most recent outcry came from four housing groups that warned lawmakers last week that the proposal by the Federal Housing Finance Agency "would make harmful changes" to the FHLB membership rules.

Mid America Mortgage will utilize document preparation and electronic signature and vaulting technology developed by DocMagic to facilitate paperless mortgage closings complete with e-signed promissory notes.

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.

Walter Investment Management has received approval from Freddie Mac to hold the mortgage servicing rights on $3.3 billion in residential mortgage loans.

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

Banks have ramped up foreclosure activity in the past five months, with default notices, scheduled auctions and bank repossessions at their highest levels in two years. It's a positive sign that banks are finally clearing out all the distressed loans still lingering from the housing crisis. Meanwhile, banks remain cautious about new lending, partly because of regulatory actions.

Sabal Financial Group has put a $541 million portfolio of real estate loans up for sale.