Among the findings of the eClosing pilot project run by the Consumer Financial Protection Bureau is the need for greater coordination and cooperation between lenders, technology vendors and settlement agents, pilot participants revealed this week. Speaking at a CFPB forum to announce the results of the bureau’s recently concluded eClosing initiative, Jim Connell, chief information officer for Sierra Pacific Mortgage, said one of the biggest lessons his company learned was the importance of coordinating with the settlement agents. “We had already passed...

The last time Ginnie Mae was the top agency issuer was in January of 2009...

Two Harbors is starting to offer “expanded credit” mortgages via its conduit, including allowing for lower credit scores and higher loan-to-value ratios.

The case caught the attention of many loan officers and managers because it centered around the basic issue of what type of client information an LO can take with them when they depart one organization for another.

Residential lenders funded $445 billion in the second quarter, one of the best readings in two years, according to figures compiled by Inside Mortgage Finance.

The Fannie Mae portion of the MSRs is top heavy in California product at 44 percent of the receivables.

One analyst familiar with the case noted that $109.2 million “is a big chunk” for PHH, adding that the case shows “the CFPB is crazy and doesn’t want to be questioned or challenged…”

Conforming-jumbos accounted for almost 10 percent of GSE business on single-unit properties in the first half of this year...

Freddie CEO Don Layton noted that, “G-fees now account for more than 40 percent of income and is becoming a growing revenue source.”

Whether they like it or not, certain cranky old LOs might have to accept that the younger generation is becoming more involved in the mortgage transaction.