The 12 firms reported a combined $700.6 million in earnings from their servicing operations, a 1.2 percent decline from the fourth quarter…

One trend that appears to be gaining momentum is the increased use of call centers and loan officers working at such shops who are compensated at lower commission rates…

MBA President Dave Stevens told IMFnews: “We respect the work of Glen [Corso, CMLA director] and his organization greatly...."

The 11th annual Xerox Path to Paperless Survey finds what appears to be an accelerated pace toward making the paperless mortgage a reality. And the CFPB’s integrated disclosure rule known as TRID is apparently helping.

New home-equity originations on home-equity lines of credit and closed-end second mortgages fell by 6.3 percent from the fourth quarter to an estimated $45.0 billion. However, that was up 18.4 percent from the first quarter of last year.

A language preference question would raise several serious compliance and legal concerns that strongly weigh against including it on the Uniform Residential Loan Application, according to industry trade groups.

Fannie noted that lenders aren’t obligated to self-report any matters related to possible TRID non-compliance except in two limited circumstances where a repurchase demand is an authorized remedy.

Borrowers have been protected from pricing swings on the back-end Connecticut Avenue Securities Structured Agency Credit Risk transactions thus far because guarantee fees on the GSEs’ mortgages are set by the Federal Housing Finance Agency.

A new poll by the U.S. Mortgage Insurers showed strong consumer support for housing reform efforts that rely on private capital to take on a majority of the risk currently placed on the GSEs. Close to half of the 2,000 respondents, 48 percent, said the private sector should bear the responsibility for the risk of losses on bad loans. Some 19 percent of the respondents said borrowers should bear the responsibility, while another 19 percent were not certain who the loss should ...

Sen. Elizabeth Warren, D-MA, is urging the Federal Housing Finance Agency to solicit public comments on FHFA’s policy regarding super-liens imposed by homeowner associations on loans in foreclosure. The FHFA has said it is obligated to protect the rights of Fannie Mae and Freddie Mac and will aggressively do so. Super-lien laws are currently in 22 states and the District of Columbia. They allow homeowner associations that are owed fees to take priority over ...