The MBA is considering its options to appeal the FTC's decision regarding the trade group's request for a mortgage-servicing exemption under the Telephone Consumer Protection Act.

Average prices on non-distressed properties sold in October were down 1.8 percent from the September and off 4.1 percent August.

The settlement noted that the subprime MBS from ResCap included mortgages with looser underwriting standards than the underwriting guidelines that were disclosed to MBS investors.

The HFPC noted that most of the potential mortgages would have gone to borrowers with credit scores below 660, and to a lesser extent, to borrowers with credit scores between 660 and 700.

Through three quarters this year, Quicken Loans was the top lender of FHA mortgages and Freedom Mortgage was the top VA mortgage originator.

There were 159,523 active users of Ellie Mae's Encompass loan origination system in the third quarter, up 18.0 percent from a year ago.

Mortgage originations account for a large portion of the $2.50 billion increase to the $30.00 billion “community development plan.”

American International Group's plan to acquire residential mortgages is part of AIG’s effort to “rebalance” its exposure to mortgages after the sale of mortgage insurer United Guaranty to Arch Capital Group.

The CFPB’s appeal asserts that the court’s ruling on the constitutionality of the agency’s structure ought to be reconsidered because it “sets up what may be the most important separation-of-powers case in a generation.”

Eight of the top 10 jumbo lenders had declines in jumbo originations on a quarterly basis in the third quarter.