Freedom Mortgage, which has aggressive hiring plans this year, has tapped two top production executives from PHH.

Let’s just hope that if Bernie Madoff and Lee Farkas are socializing together in prison they’re not plotting some type of massive mortgage scam.

It's not every day that a REIT gains access to a Federal Home Loan Bank. This REIT, of course, likes to buy mortgage servicing rights.

Some 44 percent of mods on portfolio loans by eight large banks and thrifts include principal reduction in the third quarter of 2013.

The terms of the FTC’s settlement require Fidelity to sell a “copy” of LPS’ title plants in the six Oregon counties.

Freddie Mac reported new buyback demands on $3.3 billion of mortgages during the third quarter, a stunning 31 percent increase from the previous period.

One former regulator told us that HUD is relying too heavily on foreclosure sales, which can drive down median values.

Although the settlement has been filed and agreed to by PNC, it still requires court approval.

A handful of firms say they are still aggressively recruiting residential loan officers who have a solid background in purchase-money lending – that is, sales professionals with deep ties to Realtors and home builders.

Also note that the ATR rule provides additional flexibility to small lenders in that the safe harbor has been expanded to 3.5 percent over the average prime offer rate.