Meanwhile, Quicken owner Dan Gilbert recently broke ground on a new skyscraper in downtown Detroit, which will cost roughly $900 million.

Marc Savitt, who runs The Mortgage Center, Martinsburg, WV, called the technology snafu a “big deal,” adding: “It’s taking weeks to receive we got in days.”

Sierra Pacific Mortgage, Folsom, CA, is launching a new builder division...

The FHFA noted that divergence in prepayment rates could occur if the GSEs fail to align programs, policies, and practices…

At Sept. 30, roughly $2.09 trillion – or 19.9 percent of total residential mortgages outstanding – were being subserviced by a vendor that didn’t own the underlying servicing strip…

Mack, a senior executive vice president at Wells, has been at the bank for 33 years...

Initial capitalization rates for new secondary market guarantors may not be as steep as some might think…

The state AGs expressed their concern over statements that Mulvaney has made about the role of the agency, particularly when he called it a “joke…”

Overall, The Money Source expects to hire more than 400 new team members in 2018...

The Community Home Lenders Association last week asked CFPB Acting Director Mick Mulvaney to delay implementing the bureau’s pending new data collection and reporting requirements under the Home Mortgage Disclosure Act, which are slated to kick in Jan. 1, 2018. The trade group’s more general concerns are, first, that HMDA requirements should be balanced and tailored to the objectives. “The Trump administration has pledged to address overly burdensome regulations which have a negative impact on the ability of private sector finance providers to make credit available to consumers,” said the CHLA, which represents mostly small, independent mortgage bankers. The industry organization reminded Mulvaney it has issued reports and written letters this year detailing how excessive regulations and the threat of ...