A 34-year veteran of the home lending industry, Goulding also worked for Wells Fargo Home Mortgage…

JMP likes the higher profit margins that accompany non-QM lending…

The AAF warns against the GSEs becoming private entities again, noting there’s no way for them to raise enough capital…

Besides selling RFC, the publicly traded FNB is consolidating 20 of its branches in a cost cutting move.

The banks that report rates that form the basis of LIBOR won’t be required to participate in the survey after 2021…

Consultant Joe Garrett: "Salesmen don’t get paid less just because the company didn’t do well..."

With razor-thin production margins becoming the norm this year, some originators are thinking about, or moving ahead with plans to trim the compensation levels of their most valuable asset: loan officers.

The incidence of defects in mortgage loan applications has decreased significantly in the last five years, according to First American Financial’s Loan Application Defect Index.

A strong surge of purchase-mortgage business helped lift Fannie Mae and Freddie Mac production of single-family mortgage-backed securities in May, according to a new Inside The GSEs analysis. Credit characteristics in May production were relatively unchanged, however. The two GSEs securitized $65.63 billion of single-family MBS last month, a 6.8 percent increase from April’s volume. Most of the gain came from a 23.6 percent jump in purchase-mortgage business as home buying season kicked into gear. Refinance volume was up slightly, and neither ... [Includes two data charts.]

Originations of purchase mortgages are expected to increase this year even though interest rates and home prices continue to rise. “The underlying demand for buying a home is holding up, and will continue to do so, as long as the economy is generating solid job and income growth,” said Sam Khater, chief economist at Freddie Mac.