In an interview with IMFnews, NAIHP president Marc Savitt said the new forms are confusing and "the three-day waiting period is useless and unnecessary.”

Meanwhile, servicing income at EverBank fell 26 percent to $26.9 million. Gain-on-sale revenue also fell 26 percent – to $24.7 million.

The House Financial Services Committee also has some unkind words for the Department of Housing and Urban Development and its 7800-plus workers...

Loan amounts of up to $2.0 million are allowed under the program, though in certain cases A&D will go as high as $5.0 million.

Mortgages sold and securitized by Flagstar fell 29.4 percent.

Credit unions could incur an average cost of almost $9,600 to update their computer systems with the changes required by the CFPB…

Flagstar is the largest depository remaining as a table funder of mortgages through loan brokers...

As a structural matter, the bank is moving the operation from its “securitized products” group to “macro trading.”

A change of control of a mortgage insurance firm would need the approval of Fannie Mae or Freddie Mac...

Besides Quicken, loanDepot has been mentioned as an innovator when it comes to new using new technologies...