A&D Mortgage closes acquisition of Mr. Cooper’s 3rd-party channel

Deal gives the nation’s biggest provider of riskier “non-QM” mortgages additional capacity to offer more traditional loans backed by Fannie and Freddie, FHA, VA and USDA.

Wells Fargo is about to emerge from the regulatory woods

Once the nation’s largest home lender, Wells Fargo could be poised for a comeback in the mortgage business this year as it continues to make progress in addressing regulators’ concerns about its past practices.