Envoy Mortgage, a privately held nonbank, is the latest lender to jump into the correspondent lending arena. On Wednesday the firm issued a statement saying it has hired two industry veterans – Dan Hastings and Todd Cheney – to build and run the new division. Formed in 1997, Envoy has been a retail-only lender funding in 48 states… Plus other mortgage news briefs.
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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