Technology

Several megabanks—including Wells Fargo and Bank of America—have exited the reverse market over the past 18 months, leaving the business to an array of nonbanks and medium-size lenders.

Certain federal- and state-level regulatory measures are bound to affect how mortgage lender-servicers do business in the Northeast.

Tim Duncan, who was a key player in helping Elizabeth Warren form the Consumer Financial Protection Bureau, is launching a new mortgage company.

PennyMac is experiencing explosive growth in the correspondent channel.

Loan Value Group has begun to facilitate the delivery of government-funded principal reductions in an effort aimed at getting the relief to qualifying underwater borrowers in Arizona more quickly.

The correspondent channel accounted for 49% of Wells Fargo’s residential production in the third quarter.

There is a lot of attention focused on single-family homes by investors looking for a great cash flow with high appreciation potential over the next few years.

Consumers want things done quicker, while regulators want them done right; both will hold the originator responsible.

Patricia Rauch has joined appraisal technology provider Global DMS in the newly created position of chief operating officer.

GMH Mortgage, which has been hiring of late, is licensed in 14 states.