To address capacity constraints amid the refi boom, lenders are using overtime and hiring temporary workers. One concern is that extended use of overtime reduces morale among employees.

Wall Street is pitching mortgage IPOs left and right these days, but not everyone is taking the bait. Case in point: Freedom Mortgage.

Industry watchers said a blue wave would stall GSEs’ recapitalization and exit from conservatorship and likely send FHFA Director Mark Calabria packing.

It appears the CFPB might still look at whether referrals are being made under MSAs and whether the payments are intended to ‘disguise’ the referral arrangement.

Two major investors in Front Yard Residential have called for liquidation of the real estate investment trust due to its less than satisfactory performance during a robust housing market.

The issue regarding long-term reforms to address the National Flood Insurance Program is divided more on regional lines than political beliefs.

There’s plenty of evidence that housing isn’t as healthy as it appears. The most important data point is probably the increase in the rate of serious mortgage delinquencies, which reached 4.4% in the second quarter, the highest level since 2014.

Not only are large nonbanks contemplating IPOs but smaller shops are as well. With mortgage banking considered a cyclical business, will it end badly or is it different this time around?

Mortgage originators are so plush with profits that very few need to sell MSRs. Still, servicing deals are getting done. But pricing isn’t exactly robust.

Trade groups representing nonbank servicers are in favor of the CSBS’ proposal, saying it would apply uniformly across states with some differentiation between the largest servicers and others.