Geneva Financial, Tempe, AZ, is offering loan officer recruits a compensation package of 250 basis points or higher, attracting scores of resumes as well as the ire of some of its competitors.

Impac's Justin Moisio: “Everyone’s getting into this game.”

A report released last week by the Treasury Department encouraged broader use of automated appraisals and recommended that Congress help push the technology forward. Not surprisingly, the appraisal industry is urging caution.

Second-ranked JPMorgan Chase had a similarly disappointing quarter.

A spokesperson told Inside the CFPB the agency’s office of enforcement is now “actively litigating 23 cases.”

At the end of July, Citadel serviced $1.75 billion of non-QMs…

At June 30, Redwood held $5.5 billion of residential loans on its books, up 40.6 percent from a year ago.

The revised definition excludes from points and fees any compensation included in the interest rate and for which the consumer was separately charged.

Zillow, a real estate information services company, highlighted the mortgage purchase as a key part of its third quarter results.

Earlier this year, Treasury Secretary Steven Mnuchin told the Senate Banking Committee he has the authority to restructure Fannie and Freddie without any change in law.