It’s earnings season and the early results indicate a decent 2Q for most but not all is rosy. Gain-on-sale margins continued to suffer.

The Supreme Court dealt GSE shareholders a blow in Collins, but cases before a DC district court and the U.S. Court of Federal Claims may finally get before a jury.

The Mortgage Bankers Association is asking organizations representing governors and state regulators for help in extending remote work flexibility for licensed loan officers.

As anticipated, Wells suffered from stiffer competition on the home front and saw its gain-on-sale margins get clipped. However, mortgage sales revenue was bolstered by Ginnie Mae buyout activity...

Toomey had originally requested a response by June 21 but none was made. A new demand came on Monday.

To be fair, Kaplan didn’t suddenly come to this conclusion. He’s been pushing the Fed to consider tapering since at least early spring.

Combined MBS issuance by the three agencies fell $38.26 billion during the second quarter. Sales of California loans to the agencies dropped $36.94 billion from the first quarter.

On a sequential basis, home lending revenue came in at $1.35 billion, a 7.4% decline from the first quarter.

Ginnie has been working on the change in requirements for well over a year...

At the other end of the spectrum, deliveries of refi loans with credit scores of 740 or higher fell 20.1% from the first to the second quarter...