Although PHH Corp. refuses to answer questions regarding a key private-label services contract to originate mortgage loans for Merrill Lynch, most analysts that follow the company believe the Wall Street giant will renew the agreement. To date, PHH will not say either way, but observers of the situation believe it’s more a technical matter than anything else. The general consensus is that Merrill has verbally agreed to renew, but hasn’t signed on the dotted line. On its recent earnings call, PHH management said...

Some lenders, such as PennyMac, have promoted the no-downpayment feature in their media advertisements.

HUD's Neighborhood Watch system is down, but this cabinet level agency has no explanations for the press or public

The sharp increase in purchase-mortgage lending during 2Q helped float the private MI boat higher.

Historically, the turn time for the Income Verification Express Service program has been around two business days or less. Not anymore.

This just in: Wells Fargo mortgage chief Mike Heid to step down...

If rates continue to head south it could result in large hedging losses and markdowns on mortgage servicing rights.

A spokeswoman for Wells noted that loan volumes for closed-end seconds “was a small percentage of our business.”

In the second quarter of 2015, 66.4 percent of loans sold to the GSEs had credit scores of 740 or higher.

Both parties, to date, have declined to discuss the situation.