Nonbank

Citing rising cost and time constraints, PHH Corp. will stop internally building its retail originations business and instead focus on acquisitions and its joint venture with Realogy Corp., PHH Home Loans.

Amid growing scrutiny of how the hand-off of mortgages is managed after loan closings and bulk sales, servicers are working to automate the entire process to create a consistent and accurate onboarding experience for borrowers.

Fannie Mae has sold a pool of about $13.2 million of nonperforming loans to New Jersey Community Capital.

Low- to moderate-income consumers and minorities face a difficult time when it comes to buying a home in New York, according to an affordable housing advocacy group.

Lenders see their outfits growing where experts are predicting market decline, despite statistical dissonance. Having a plan to weather the downturn is the key to their growth.

National Mortgage News readers share their views on the most pressing mortgage and housing topics of the month. Comments are excerpted from reader response sections of NationalMortgageNews.com articles and our social media platforms.

The cost of capital and regulatory compliance has convinced the top four banks that making home loans to American families is not worth the risk.

American International Group is expanding bets on property lending and safe fixed-income securities after hedge funds investments soured.

Despite the outcry prompted by lenders' commercials during Super Bowl 50, customer satisfaction surveys indicate borrowers are more than ready for the ease and convenience of digital options.

Blackstone portfolio company Incenter has agreed to purchase Interactive Mortgage Advisers.