At last check, W.J. Bradley employed roughly 500 workers...

But does this mean the HUD Inspector General and Department of Justice will ease up on suing lenders?

John Shrewsberry, a senior vice president at Wells Fargo, said the bank has focused on adding jumbo mortgages to its portfolio. “They are very safe loans,” he said. “I think we’ve got four basis points of loss coming through that portfolio.”

HUD’s Single Family Policy Handbook authorizes lenders to order testing or remediation to ensure that the property’s public-water supply has acceptable levels of contaminants.

One executive who’s involved with the working group said the new guidance from the due diligence firms will help the rating agencies identify "material" risk...

MorVest has represented only sellers of mortgage servicing rights, but that may change...

When the nonbank first unveiled the stock buy-back program, its shares were trading at $8.61.

Good news for mortgage bankers: gain-on-sale profit margins are on the rise.

The supply of outstanding ABS itself fell slightly in the fourth quarter, down 2.3 percent to $704.91 billion...

Fannie Mae and Freddie Mac are wading into the testing phase for the Single Security initiative for to-be-announced MBS, and they agreed on common names for the new product. The first-level securities – the equivalent of Fannie’s MBS and Freddie’s participation certificates – will be called “Uniform MBS.” The second-level deals – replacing Fannie’s Megas and Freddie’s Giants – will be known as “Supers.” Fannie has already registered the trademarks for these names. It appears that domain names for both, at least the .com variety, have been grabbed up. Both government-sponsored enterprises continue to prepare for conversion, and Common Securitization Solutions continues to release software for system-to-system testing, according to the Federal Housing Finance Agency’s 2015 Scorecard Progress Report released late last week. These ...