PennyMac Financial Services could raise just over $200 million through an initial public offering of stock.

Union Bank hopes to make a big splash as a retail funder of Fannie Mae and Freddie Mac loans.

Banks are still making nice profits off their residential lending and servicing businesses, but 4Q12 may turn out to be a peak in the cycle.

Loan officer compensation to individual originator employees is included in the calculation of the QM’s 3 percent limit on points and fees but the industry believes this is double counting.

Cole Taylor Mortgage, which has grown its servicing portfolio ten-fold in the past year, is now an active Ginnie Mae issuer.

Mortgage profits are improving in the second quarter, but how long can it last? Meanwhile, Freddie talks about the CSP.

Many people in the mortgage lending and securitization sectors thought the controversial eminent domain plan pushed by Mortgage Resolution Partners was graveyard dead after suffering a few high-profile defeats in various locales throughout the country. They were wrong. Now, a number of interested industry parties are back on the defensive, trying to convince city officials in Richmond, CA, to abandon a new advisory arrangement with MRP and to discourage local government representatives in North Las Vegas, NV, to not reach a similar agreement with the firm. In both instances, the plan being advanced by MRP would involve...

The commercial MBS market is starting to catch fire. Moreover, a new report from Fitch notes that commercial delinquencies continued to fall last year, a trend that will continue.

The White House wants to change the HARP eligibility date, making more underwater borrowers eligible for the program, Inside Mortgage Finance has learned.

Most companies reported declining earnings from their mortgage banking businesses during the first quarter of 2013, according to a new analysis by Inside Mortgage Trends. As a group, however, the 23 diverse businesses included in the round-up posted a surprising 34.2 percent increase in aggregate mortgage banking earnings compared to the fourth quarter. The aggregate mortgage banking income was $6.74 billion for the group, a $1.72 billion increase over the previous quarter. Virtually all of that increase could be attributed to one company, Bank of America, which bounced back from a $540 million net loss during the fourth quarter to a $1.26 billion profit in early 2013 – a $1.80 billion turnaround. BofA took...[Includes one data chart]