More first-time homebuyers took advantage of the government-sponsored enterprises’ 97 percent loan-to-value mortgage products this year – to the point where they likely took away market share from the FHA program.

The number 15th ranked Fairway Independent Mortgage wouldn’t provide a hiring estimate but CEO Steve Jacobson said, “We’re always open minded about opportunities.”

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.”

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

Movement was founded in 2008 and has grown from four employees to more than 4,300…

Bill Banfield, EVP of capital markets for Quicken, said he’s noticed an increase in the use of the conventional low-downpayment programs this year….

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

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…

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

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…”