Wall Street loved the unexpected news from the Fed, with the yield on the benchmark 10-year Treasury dropping to its lowest yield in weeks.

Almost 19 percent of the loans in the new Penny Mac jumbo MBS were originated by mortgage brokers.

In less than a month Wells Fargo has unveiled mortgage-related layoffs of 4,100. Some of those receiving pink slips could find other work at the bank.

Lenders such as Bank of America and Quicken are hooked on refis. What might the future hold for these funders as purchase loans begin to dominate?

Freddie Mac had been lending Fed Funds (overnight loans) to Lehman Brothers since 2005. Then, in 2008, the nature of those loans changed to longer term borrowings.

Charges paid by the seller for certain items are included in points and fees, such as a title insurance fee paid to an affiliate of a creditor.

Brokers and others who do business with Nationstar Mortgage said they’ve been hearing stories about two-week delays on funds being delivered. Meanwhile, FHA has run out of multifamily money.

Although the largest minority groups still had higher denial rates, there were bigger-than-average increases in refi activity among black and Hispanic borrowers.

Fannie Mae has yet to implement a red flag system to identify trends and data anomalies for servicer reimbursements, according to a new report from the FHFA Inspector General.

If FHFA lowers the Fannie Mae/Freddie Mac loan limit, will that business shift over to the FHA?