Will the nation's megabanks begin shedding mortgage workers if loan applications don't rise soon?

Despite the best efforts of supporters readying another push to legislatively enhance the Home Affordable Refinance Program, a proposed HARP 3.0 bill in the Senate will ultimately remain a once-interesting idea whose time has passed, say industry observers. From its initial introduction during the 112th Congress through subsequent tweaking and refiling earlier this year, the Responsible Homeowner Refinancing Act of 2013, S. 249, by Sens. Robert Menendez, D-NJ, and Barbara Boxer, D-CA, has struggled to gain traction in the Senate. The Obama administration has mounted...

The FHA said it is working to define a “qualified mortgage” standard that meets the QM criteria under the Dodd-Frank Act, which takes higher priced mortgages into account.

As of Wednesday morning, a GSE shareholder petition accessible through the White House website had 874 of the 100,000 signatures required by July 1.

Nonbanks continue to request warehouse lines of credit but because of declining origination volumes, the thirst is easing somewhat.

The top contributors to the new Redwood Trust jumbo deal include George Mason Mortgage, Cole Taylor Mortgage, W.J. Bradley Mortgage Capital and PrimeLending.

The MSR sales machine is cranking up at MountainView.

Is a scandal brewing at FHA concerning how it handled the independent audit of the Mutual Mortgage Insurance fund or is it "politics"?

The Inspector General of the Federal Reserve has initiated an evaluation of the CFPB’s integration of enforcement attorneys into its examinations of banks and nonbanks.

Conix Inc. is in the market with an MBS backed by nonperforming mortgages. Could other deals be far behind?