Wells Fargo has unloaded most of - but not all - of its remaining servicing rights tied to reverse mortgages. However, the bank says it is still "committed" to seniors through home equity loans.

More than 10 bidders showed up for a recent auction of new Fannie Mae servicing rights, a sign that the MSR market is getting hot.

Two-thirds of the nearly 2,000 real estate agents that responded to a Campbell Communications and Inside Mortgage Finance survey want mortgage closings in 30 days or less.

Wells Fargo is in the hunt for a top servicing executive to aid the bank in its pursuit of MSR sales, sources told Inside Mortgage Finance.

In two weeks the White House will meet with some of the largest residential funders in the U.S. But will President Obama show?

Just how hot is the jumbo MBS market? Consider this: Some $3.95 billion in non-agency jumbo MBS was issued in the first quarter, compared with $3.46 billion in issuance in all of last year.

U.S. Bank, one of the largest residential lenders and servicers in the nation, has a new president.

Steve Stein, national sales director, has departed Green Tree Servicing, but the company isn't returning telephone calls and emails about the matter.

The Conference of State Bank Supervisors is calling upon the Consumer Financial Protection Bureau to adopt a petition process to define “rural” counties as the bureau prepares to implement balloon “qualified mortgage” and escrow requirements for rural creditors. The Dodd-Frank Wall Street Reform and Consumer Protection Act confers QM benefits on certain balloon loans if they are made in rural or underserved areas. In implementing the standard, the CFPB decided to use the USDA Economic Research Service’s Urban Influence Codes as...

The CFPB went “live” with a significantly expanded consumer complaint database late last month, featuring a wealth of new data on problems consumers have with credit cards, mortgages, student loans, bank accounts, services and other consumer loans. The CFPB characterizes it as “the nation’s largest public database of federal consumer financial complaints, opening up to consumers information on more than 90,000 individual complaints on financial products and services.” CFPB Director Richard Cordray said, “By sharing these...