Some 60.7 percent of the mortgages in the deal have interest-only features.

Whatever might be in the works at the FHFA regarding looser credit won’t be out until mid-December, we’re told…

The biggest chunk of GSE business comes from mortgages with high credit scores and LTV ratios below 80 percent.

Hiring top performers can cost a company in terms of salary and bonus pay, but many believe such hires are worth it because such LOs bring in a ton of volume.

The Mt. Laurel, NJ-based Freedom is eager to grow its retail presence in the U.S., but is still committed to third-party lending where it has a large presence.

When pressed further, Middleman noted that getting acquisitions approved in the Empire State can “take a long time”…

The CFPB initially allowed a simple refund of the excess amount under certain conditions...

BB&T posted $80 million of mortgage banking net income in the third quarter, up sharply from a negative $21 million suffered in the previous quarter.

If housing markets are stronger than expected and rates stay low enough, originations could hit $1.421 trillion next year.

With Continental Home Loan under its umbrella, Freedom believes its production run-rate will be $2 billion a month.