ResCap Closing Offices
Residential Capital LLC is closing two offices and eliminating more wholesale and retail positions.

Florida Wholesaler Finished
A Florida-based lender is shuttering its broker channel.

Bankrupt Branch Operation Dumps Wholesale
A California-based company has eliminated its wholesale operation, converted from a mortgage banker to a mortgage broker and eliminated more than 70 branches. It hopes to emerge from bankruptcy with a new reverse mortgage strategy.

Best Mortgage Broker
The group representing U.S. mortgage brokers has identified a VA broker as the country's best mortgage broker. Two commercial mortgage wholesalers were also recognized.

Pricing Engines Gain Prominence
As nonconforming wholesale lending programs diminish, technology that scours the few remaining programs is flourishing. Other recent mortgage technology activity includes advancements in origination systems and compliance services.

Chase Eliminates Wholesale Jumbos
JPMorgan Chase & Co. is eliminating its non-agency products for mortgage brokers.

Another Wholesaler Drops HEL Programs
A wholesale lending subsidiary of Residential Capital Corp. has confirmed that it eliminated wholesale home-equity programs. The move follows similar actions recently by several other lenders.

Mortgage Technology Boom
Some recent mortgage technology offerings promise to improve business and cut costs, while other digital advancements aim to improve wholesale lending operations.

Lender Dumps Brokers, Expands FHA Retail
A New York-based company is closing its wholesale operations as it steps up its retail government business.