Meanwhile, the pipeline of issuer applications has dropped dramatically at Ginnie Mae...

The Consumer Financial Protection Bureau indicated this week that it will be somewhat accommodating to mortgage lenders when it comes to enforcing the pending integrated disclosure rule under the Truth in Lending Act and the Real Estate Settlement Procedures Act. The agency confirmed in a blog post that it delivered a letter to members of Congress stating that its oversight of the TRID rule “will be sensitive to the progress made by those entities that have been squarely focused on making good-faith efforts to come into compliance with the rule on time.” The agency also said...

Some lenders have predicted delays ranging from a few days to more than a month.

In fact, 2014 was the first year since 2006 that purchase mortgages accounted for more than half of total residential originations.

Over the past year, RPM has been in the hunt to buy other mortgage companies, investment banking sources told IMFnews.

According to Moody’s rating scale of long-term corporate obligations, obligations rated Caa are judged to be of “poor standing” and are subject to “very high" credit risk...

Not only is the FHFA scrutinizing lender-paid mortgage insurance products, but the agency might require higher capital standards...

The findings were based on results supplied by 359 residential originators.

The average closing time for a VA mortgage was 41 days, a reading taken in as of March of this year. A year ago it was 39 days.

Chuck Klein, managing director for Mortgage Banking Solutions, agrees that most of the coming M&A activity will center on small- and medium-sized shops.