Are recent graduates of business schools avoiding the mortgage industry?

In addition to the $36 million judgment against Golden First, Movtady was ordered to pay a $300,000 penalty within six months.

In 3Q the top seller of mortgages into the secondary market was Wells Fargo with $39.29 billion, a 12.7 percent sequential improvement.

BofA has been a steady seller of mortgage servicing rights the past three years and seems to have no interest in being a subservicer.

SunTrust wouldn’t comment on the charge other than to note that the issue has been previously disclosed.

Who knows, maybe Mel Watt will allow Fannie and Freddie to build retained earnings. (Don’t bet on it, but it’s an issue worth debating.)

According to Rick Roque, who heads MenloGlobal, “for the most part, executive level opportunities are stagnant, unless production comes with it."

The share of lenders reporting a decreased profit margin outlook over the next three months appears to have remained relatively stable.

Profit margins and a number of other mortgage banking metrics will continue to be stable in the first quarter of 2015, according to a Fannie Mae survey of senior executives at 192 lenders. “The share of lenders reporting a decreased profit margin outlook over the next three months appears to have remained relatively stable at around 30 percent since the second quarter,” Fannie said of the fourth-quarter survey results. Compliance costs, declining demand from borrowers and ...

Rep. Scott Garrett, R-NJ, is concerned that Fannie and Freddie have resumed lobbying, at least in subtle ways.