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

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.

Only one servicer among the top 15 – Caliber Home Loans – avoided a decrease in subprime MSRs...

“More people want to take care of their student loan debt before getting into even more [debt] with a mortgage," said Rick Sharga, executive vice president of Auction.com.

Quicken Loans is contributing 17.1 percent of the mortgages to the new jumbo MBS from Credit Suisse.

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.

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.