By imposing a one-size-fits-all mechanical underwriting system for mortgages, the QM rule has deprived community banks of a significant competitive advantage over megabanks, he argued…

CSS, a joint venture of Fannie Mae and Freddie Mac, is hiring at its main site in Bethesda, MD, as well as its office in Pasadena, CA.

We also heard one report that earlier in the year a large production group from a competitor jumped ship and joined WJB in January.

Give the CFPB even more power? The GOP likely would not stand for such a thing...

The link between loan sales and mortgage-banking income can be squishy…

Of course, just because five industry vets have issued a white paper, that doesn’t mean it can readily yield into legislation.

Redwood Trust, another REIT, hasn’t issued a jumbo MBS since November...

A few years ago JPM stopped funding RHS mortgages through loan brokers.

Although BLS reported declines, recent interviews conducted by IMFnews suggest that some nondepositories are in a hiring mode this spring, especially for retail loan officers.

In a follow-up development to earlier reports of the demise of W.J. Bradley Mortgage as a result of the CFPB’s integrated disclosure rule, affiliated newsletter IMFnews reported last week that at least $20 million worth of jumbo loans originally funded by the lender have hit the TRID “scratch-and-dent” market, citing an investor who plays in the space. The loans were offered by Texas Capital Bank, which several sources have identified as a key warehouse lender to WJB, a now defunct privately held non-depository. Early reports on the company’s voluntary closure suggest that TRID errors on non-agency mortgages played a key role in the firm’s demise. Sources contend that a few months back WJB tried to sell at least $30 million ...