Commenting on the latest revelation from Walter, Keefe, Bruyette & Woods said, “Given the lack of visibility, we maintain our underperform rating and $1 price target.”

The GSE patch expires either in January 2021, seven years after the effective date of the ATR rule, or when the GSEs are taken out of conservatorship, whichever comes first…

AIG buys jumbos servicing-released with Cenlar acting as the subservicer.

Freedom Mortgage, a nonbank, was the top VA originator in the first quarter with USAA Federal and loanDepot ranking second and third, respectively…

All Credit Considered Mortgage is offering investment-property mortgages that do not require verification of the borrower’s income or employment.

The servicer alleges that “illegitimate time” was billed to the company for hours FIS workers spent “patronizing strip clubs and casinos.”

Perhaps, parts of the CHOICE Act might be siphoned off and made more politically palatable, such as regulatory relief for small community financial institutions.

Walter’s reverse business posted a pre-tax loss of $5.3 million in the first quarter but took in total revenue of $22.5 million.

Wells Fargo Home Mortgage and Chase Home Finance continued to dominate the sector…

The Mortgage Bankers Association is seeking clarification of FHA liability standards to entice banks to resume their FHA lending.