IRS to Require More Information About Taxpayers’ Home Mortgage. Beginning tax year 2017, the Internal Revenue Service will require taxpayers to disclose additional information about their home mortgages. Currently, the IRS only requires disclosure of the loan’s principal balance at the beginning of the year, origination date and address of property securing the loan. Under the revised rule, taxpayers must report on the 2017 Form 1098 information such as mortgage insurance premium, confirmation that the address of the property is the same as the borrower’s address, description of the property in case the address is unreported, and the number of mortgaged properties owned by the taxpayer. Specifically, the information will help the IRS determine whether deducted mortgage interest is within the $1 million limit on home acquisition debt and $100,000 of home-equity debt, and whether the ...

But the numbers need to be put into perspective: Agency MBS production in the first two months of 2017 was up 36.3 percent from the same period last year…

Wells Fargo once again dominated the purchase business with $135.5 billion funded in 2016, more than double its closest competitor, JPMorgan Chase…

Lenders that have representatives who are members of the UI collaborative include Bank of America, Quicken Loans, and Nationstar Mortgage…

The bank statement loans and TRID exceptions prompted Fitch to apply higher loss severities to the MBS, which play a role in credit enhancement levels…

The MountainView package has no delinquencies, average FICO scores of 753 and a weighted average LTV of 72 percent.

Now that Carson is official, it's time to pick an FHA commissioner...

Recently, KBW hired Wall Street veteran Brian Wornow as managing director in charge of its financial services group...

Purchase-mortgage originations in 2016 hit their highest level since before the housing market crash, including a solid uptick in first-time buyer activity, according to a new Inside Mortgage Finance ranking and analysis. Revised estimates show a total of $1.021 trillion of home-purchase mortgages were originated in 2016, a 10.5 percent increase from the previous year. It marked the biggest volume of purchase-money lending since 2006 even though the purchase share of new originations declined. That’s...[Includes five data tables]

Caliber Home Loans, Dallas, this week agreed to buy most of Banc of California’s mortgage operations, the nonbank’s second acquisition of the past seven months, and a possible harbinger of more activity to come. Mortgage M&A consultant Chuck Klein of Mortgage Banking Solutions said his advisory firm is now involved in at least six different deals. Rick Roque of Menlo Financial predicted that by the time this deal-cycle plays out, 20 percent of nonbanks could disappear via a purchase of one sort or another. Klein recently attended...