Wells Fargo once again ranked first among all GSE sellers with a market share of 15.3 percent in October, almost triple that of the number two ranked Quicken Loans.

“I don’t think it does a lot of good to play the ‘blame game’ and I don’t think that’s where the solution lies,” said Brian Benson, CEO of ClosingCorp.

According to a transcript of the earnings call, PHH also is contemplating exiting the FHA program.

KBRA noted that this will be the first post-crisis deal to include a significant contribution of mortgages from UBS Bank.

Mortgage broker employment hit a multi-year low of 55,200 jobs in the spring of 2011, but the sector has steadily added workers...

Maybe a "reverse" merger might work for Stonegate Mortgage...

FCI Lender Services, the nation’s largest private-money servicer, is sticking its toe in the lending market by teaming up with Blackrock Mortgage Investment to extend credit to investors in single-family rental properties. This month, the Anaheim, CA-based FCI rolled out two SFR products and one tied to investors looking to buy nonperforming mortgages. According to a rate sheet provided to Inside Mortgage Trends, one of the SFR products requires...

Nobody likes getting a mortgage, but interactive technology – if implemented correctly – can make the process significantly more transparent and less stressful, industry experts say. There is an opportunity in technology to make the system more transparent and help educate the next generation of homeowners, as well as minority groups, said Robert Greenbaum, director of communications and marketing at Fannie Mae, during a panel session at the annual convention of the Mortgage Bankers Association. “They aspire...

Vendors that have been supplying the mortgage lending community with the technology necessary to implement the Consumer Financial Protection Bureau’s integrated disclosure rule are suddenly under regulatory scrutiny over the struggles some lenders have had in being fully compliant with the new regulation. The so-called TRID rule took effect Oct. 3, 2015. A dark cloud began...

Mortgage lenders made it tougher for borrowers to obtain mortgage credit in the second quarter of 2015 compared to the first three months of the year. The mortgage credit availability index overall fell slightly in the second quarter to 5.3, down from 5.5 in the prior quarter, although that level still remains above the low of 4.6 in the third quarter of 2013, according to the Urban Institute’s Housing Finance Policy Center (HFPC). The HFPC uses...