Will we finally see a 2.0 percent fixed-rate GSE loan then? Black swans, black swans...

Roughly $4.0 billion, or 72.7 percent, of Nationstar's production came through its consumer direct channel. Purchase loans represented 24 percent of originations.

At the recent annual convention of the Mortgage Bankers Association, trade group chief Dave Stevens said originators are being discouraged from lending to some first-time homebuyers.

During his career, Cotton has worked for Freddie Mac, Bank of America and Sterling Savings Bank, among others.

TRID rule changes mean mortgage technology vendors will need to retro-fit software into multiple versions, which further stretches the resources…

After HomeBridge buys the Sherman Oaks, CA-based lender, the Prospect Mortgage name will disappear, said CEO Peter Norden.

The sale was brokered by investment banker Houlihan Lokey.

The CFPB also found that some banks used employees from a staffing agency who were not properly registered or licensed...

According to the offering circular, 82 percent of the underlying mortgages were sourced through loan brokers...

The research firm also cites what it calls a “lack of transparency regarding fundamental business and accounting drivers”…