Seasonal factors slowed production of Fannie Mae and Freddie Mac MBS during the fourth quarter, although the refi sector showed some resilience in cash-out transactions. [Includes three data charts.]

Declining profit margins and reduced production levels will push more inde-pendent mortgage companies to sell servicing. But falling interest rates might squash MSR prices.

The California-based lender worked out an arrangement to take over 14 branch offices from RPM Mortgage, most of them in New Hampshire, and pick up about $650 million in annual lending capacity.

“We’re in a very challenging and turbulent time,” says a top mortgage consultant who predicts an intense period of industry consolidation through 2019 and perhaps beyond.

Celink, a servicer of reverse mortgages, has agreed to pay the federal government $4.25 million for violating the False Claims Act...

Kurland was given an annual base salary of $900,000 from Jan. 1 of this year until Dec. 31, plus cash and equity incentives.

According to the ruling by the appeals court, Citizens pays its LOs $11.50 an hour along with commissions based on volume…

At press time, the yield on the benchmark 10-year Treasury was at 2.67 percent, the lowest reading in almost 12 months…

The rule creates two types of cash-out refinances…

Usually, Texas Capital doesn’t talk about its warehouse business, but EVP Jack Nunnery recently opened up a bit about what other warehouse lenders are saying…