Investors in non-QM MBS have to worry about fast prepayment speeds, not credit problems...

Sounding like a candidate, the CFPB Director noted: “If we do not push back on the forces that press people down, we are allowing America’s promises to go unfulfilled.”

Groups signing the Patenaude letter include the Center for Responsible Lending, Community Mortgage Lenders of America, NAACP, NAR and many others…

The company hired industry veteran Joseph Boiano to oversee the new division…

Lower rates could translate into more refinancings, but could cause hedging problems for Fannie Mae and Freddie Mac…

The nonprime mortgages were sourced through Lone Star affiliate Caliber Home Loans and other lenders…

Brian Benjamin, who runs Two River Mortgage & Investment in Red Bank, NJ, noted that if brokerage shops are laying off, “it’s support staff.”

Before the financial crisis, about 10 percent of home sales were all-cash transactions…

CFPB's Cordray clerked for both Robert Bork and Anthony Kennedy...

The 30-year fixed-rate mortgage is due for an overhaul, according to a proposal published by the Federal Reserve. Members of the Fed’s research staff suggest that banks should offer a type of mortgage with no downpayment requirements that essentially automatically refinances. Wayne Passmore, senior adviser in the Fed’s division of research and statistics, and Alexander von Hafften, a senior research assistant in the division, authored a working paper published by the Fed last week. Passmore and von Hafften cited...