A highway funding bill signed by President Obama late last week included a provision aimed at collecting more taxes related to interest payments on mortgages. The mortgage industry noted that it won concessions on the provision, delaying the implementation date and limiting the amount of data to be collected. The brunt of the new revenue also looks as though it will be collected from borrowers. H.R. 3236, the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015, included a seemingly simple provision regarding the reporting of mortgage interest on IRS Form 1098. Servicers use the form to report mortgage interest of $600 or more received during a year. The highway funding bill will require...

The last time Ginnie Mae was the top agency issuer was in January of 2009...

The case caught the attention of many loan officers and managers because it centered around the basic issue of what type of client information an LO can take with them when they depart one organization for another.

Residential lenders funded $445 billion in the second quarter, one of the best readings in two years, according to figures compiled by Inside Mortgage Finance.

One analyst familiar with the case noted that $109.2 million “is a big chunk” for PHH, adding that the case shows “the CFPB is crazy and doesn’t want to be questioned or challenged…”

Conforming-jumbos accounted for almost 10 percent of GSE business on single-unit properties in the first half of this year...

Freddie CEO Don Layton noted that, “G-fees now account for more than 40 percent of income and is becoming a growing revenue source.”

Whether they like it or not, certain cranky old LOs might have to accept that the younger generation is becoming more involved in the mortgage transaction.

Blackstone has bought at least one nonbank the past year and is eyeing several other acquisitions but has offered no commentary on its plans...

Lenders One, by the way, is looking for a new CEO. Its former chief executive, Jeff McGuiness, left back in June...