The Department of Veterans Affairs is drafting a new policy to address ongoing confusion about its Interest Rate Reduction Refinance Loan program and ease investor anxiety. The uncertainty among VA lenders stems from the treatment of IRRRLs under the VA’s interim final rule defining what constitutes a “qualified mortgage.” That rule took...

In general, it hasn’t been a pretty picture this year when it comes to the sale of “bulk” mortgage servicing rights, especially Ginnie Mae receivables. According to figures compiled by affiliate publication Inside Mortgage Trends, bulk MSR transfers (one barometer of sales) increased 20.6 percent in the second quarter compared to the first with roughly $42.9 billion of Fannie Mae, Freddie Mac and Ginnie product changing hands. The third quarter is expected...

ALTA CEO Michelle Korsmo: “We’ve heard countless stories from ALTA members about consumer confusion at the closing table…”

The compensation plan is available to LOs of Atlantic Bay who originate more than $14.0 million in retail loans in a calendar year.

Impac is forecasting $12 billion in originations this year, up 29.0 percent from 2015…

The baseline agency conforming loan limit likely will rise slightly next year…

Closing the fund means that Perry Capital will have to liquidate its holdings – including its positions in Fannie and Freddie...

A decade ago, PHH Mortgage had several suitors, including Countrywide Financial, which once coveted its private-label business…

Ginnie Mae wants to make sure that issuers are not selling all their good loans and retaining the potential dregs…

In addition, HUD proposes to vary its owner-occupancy requirement…