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

Nonbank originators that have been hoarding MSRs for the past 16 months are sitting in the catbird seat. Some bids are just shy of top dollar. Time to pull the sales trigger?

Have a personal line of credit with Wells Fargo? Cherish it while you can. The bank is yanking the product by summer’s end.

Sandra Thompson’s elevation to acting director from her role as head of housing mission and goals presaged FHFA’s new focus on fair lending practices enforcement.

The Ohio-based bank is winding down its direct-to-consumer mortgage lending business, citing falling margins and diminished refinances.

The changes: FHA has established a streamlined loan mod that servicers must offer to certain borrowers, GSE servicers have to follow the CFPB’s new standards a month earlier than intended, and Ginnie Mae and NCUA are allowing for a broader range of loan mods.

For the first time since QM standards took effect in early 2014, lenders can no longer rely on the government-sponsored enterprises to obtain QM status for a loan.

The sale of mortgage franchises is picking up but there’s a headwind tied to valuations. Owners are holding out for top dollar.

The mortgage technology vendor hasn’t been profitable since its inception in 2012 and is forecasting losses going forward.

Nonbanks no longer have to pay all cash for servicing rights in the secondary market. Reason: Commercial banks have returned to the sector as financiers.