Banks continue to press the CFPB on their request that the agency use its exemption authority to extend the ATR rule's compliance deadline from 12 to 24 months.

Tim Duncan, a past chief information officer for the CFPB, aims to protect third-party lenders from regulatory snafus with his new venture.

Four non-management directors at Nationstar Mortgage earned almost $1.5 million last year. Meanwhile, it appears Flagstar is selling some of its MSRs.

Although the nation's largest lender, Wells Fargo, saw residential fundings slip in the first quarter, Citigroup had a gain.

Now that Fannie Mae and Freddie Mac are earning a ton of money, who will have a say over what happens to that cash?

RAIT Financial Trust, Philadelphia, is funding roughly $60 million to $70 million a quarter in multifamily and low-balance commercial loans, product that is winding up in MBS issued by Barclays Capital and Citigroup Securities. According to Jason Stewart, an analyst with Compass Point Research & Trading LLC, the company also has a line of credit from Credit Suisse, and is working on a $100 million to $150 million deal that could be ready by the third quarter. A publicly traded real estate investment trust, RAIT is...

Wells Fargo and JPMorgan Chase continue to post strong residential finance profits, but there is a growing worry that the "mortgage party" may be drawing to a close.

Gain-on-sale margins for mortgage originations declined for lenders during the first quarter of 2013, according to industry analysts, but a number of factors appear likely to keep the margins this year well above historical levels. Core gain-on-sale margins for the major banks fell to 2.9 percent in the first quarter of 2013, according to estimates by Credit Suisse Securities, down from 3.3 percent in the previous quarter and from a high of 3.5 percent in the third quarter of 2012. The analysts warn ...

Citadel Loan Servicing Corp. of Irvine, a new subprime lender launched by industry veteran Dan Perl, funded its first loan last week, and is getting a barrage of telephone calls from potential borrowers to its headquarters in Southern California. “We’re getting 25 to 30 inquiries a day,” Perl told Inside Mortgage Trends. The firm is in the process of evaluating between $1.5 million and $2 million in residential loans. The first mortgage it funded was for $315,000 on a home in Orange County, CA. The ...

It’s been a longstanding and usually treacherous tradition in the mortgage industry that when origination volume starts to sag, lenders begin to expand the credit box. One quarter does not a trend make, but the pattern in credit characteristics of loans sold to Fannie Mae and Freddie Mac suggest that some easing may be underway as the market works to sustain production volume. A new Inside Mortgage Trends analysis of first-quarter sales to the government-sponsored enterprises ... [Includes one data chart]