Citadel Servicing CEO Dan Perl said "the phones are ringing like a son-of-a-gun" at his nonprime lending shop.

The jumbo features that Moody's worries about include super senior support bonds, exchangeable securities, principal-only bonds, and pool interest-only bonds.

The talk has prompted speculation that the FHFA could lower the conforming loan limit to $400,000 or, as conservator of the GSEs, direct them to reduce high-cost loan limits.

The bloodletting in Citigroup's mortgage division may just be starting.

Art Ringwald, who helped put Bank of America on the mortgage map before departing in 2001, is looking to do "roll-ups," among other things.

Loan officers, so far, have been spared the layoff carnage, but that may change depending on where volumes wind up.

Banking regulators believe delinquency rates on HELOCs soon may rise sharply upward as a significant number of second liens reach the end of their draw period.

HUD declined to discuss the contents of the proposed standards or indicate a timetable for a final QM rule.

Nationstar's new filing with the Securities and Exchange Commission offers little in the way of information on the terms of the new $1 billion facility.

PHH saw its share price spike late last week after rumors spread that it may sell a large block of mortgage servicing rights.