For the year ending Sept. 30, 2014 MBA took in revenue of $51.9 million versus $39.1 million in expenses for a net profit of $12.7 million.

Although Manhattan Mortgage operated mostly as a loan broker, a press statement from MC Home Loans describes the new company as a “banker.”

If Fannie Mae's origination forecast comes true, just $615 billion in loans will be written from July 1 to Dec. 31, an ugly outlook indeed…

A spokesman for the NYDFS admitted that, “We’re constantly trying to improve our processing times, but we know that we have a lot of work to do..."

ABA said all stakeholders believe that clearer and more effective mortgage disclosures are important and worthwhile.

Renters' attitudes about homeownership have shifted, said Freddie Mac...

Among the top 10 companies in the complaint database, two mortgage servicers showed improved performance: Ocwen and Nationstar.

Effective Oct. 1, 2015, the upfront g-fee for USDA purchase and refinance loans will be raised to 2.75 percent from 2.00 percent.

A quick check of rates this morning found that firms such as Sebonic and Aurora Financial were offering 30-year fixed-rate loans at 3.75 percent with no points.

The borrower listed his cellphone number on the loan modification documents, but then defaulted.