The only major bank to rank among the top five table funders in 1Q16 was U.S. Bancorp with a 4.1 percent market share.

To date, SoFi has talked little about its mortgage business…

Although commercial banks are making money hand-over-first these days, that doesn’t mean national bank regulators shouldn’t worry.

The surge in California business helped boost the national broker share to 12.5 percent of GSE volume during the second quarter…

Redwood believes the new QC process creates a much larger sample size and a more efficient loan quality feedback loop ...

Recently, several trade groups and community organizations have called on Watt to allow Fannie and Freddie to rebuild their capital buffers ...

“Given the review for possible downgrade, it is unlikely that the company’s ratings will be upgraded,” said Moody’s.

Former New Jersey politician John Leadbeater worked out a plea arrangement with prosecutors.

A mortgage industry group wants to turn the TRID disclosure tables back on the regulators and reveal to homebuyers all the fees – including those imposed by the government – they have to pay for their home purchases, and not just those generated by the industry. The mortgage broker organization known as NAMB – The Association of Mortgage Professionals wants the CFPB and the Federal Housing Finance Agency to further clarify the TILA/RESPA Integrated Disclosure Rule by including a new line item that clearly states the “hidden” guarantee-fees and loan- level price adjustments from Fannie Mae and Freddie Mac. [However, it should be noted that the FHFA has no authorities under the Truth in Lending Act nor the Real Estate Settlement Procedures Act.] ...

Secondary market participants’ reluctance to invest in mortgages out of fear of liability from the loans being originated with TRID errors seems misplaced or overblown, a new report from Moody’s Investors Service suggests. Violations of the CFPB’s integrated-disclosure rule will not notably increase losses in prime jumbo residential mortgage-backed securities, according to a recent analysis by the ratings service.As Moody’s sees it, TRID violations in prime jumbo RMBS will be minimal and often curable. “Prime jumbo RMBS exposure to loans that violate TRID will largely be kept in check thanks to third-party due diligence reviews,” Moody’s said. On top of that, lenders and aggregators will be able to correct most TRID violations before issuers place the affected mortgages in ...