Norcom wants its wholesale account executives to be in the office, not traveling the roads.

As one jumbo participant put it: “More is good.” Redwood Trust also is working on a deal, industry officials said.

The terms of the settlement include $500 million in consumer relief and a cash payment of $468 million.

At the FHFA, Singh was involved in strategic planning to help attract private capital to the mortgage industry, a key goal of former Acting Director Edward DeMarco…

Bettenburg earned a base salary plus bonuses of roughly $781,742, according to the S-1 statement.

“Sadly, the impact of QMs [qualified mortgages] will never been quantified since most LOs will not originate borderline loans,” said New Jersey broker Brian Benjamin.

Analysts point out that bank earnings have suffered less than revenues, and many institutions responded quickly by downsizing their mortgage operations, although these cost-cutting efforts won’t show up in expenses immediately.

The number of mortgage companies in California rose 7.8 percent on a sequential basis. Nationwide, there are 392,896 federally registered mortgage loan officers…

Spot loans are currently prohibited, but the agency is said to be reevaluating the product because of reports of first-time homebuyers having difficulty in obtaining FHA financing for condo unit purchases and seniors seeking reverse mortgages to tap the equity in their units.

For the past year or so, the Millennial generation has been everyone’s favorite punching bag for why the housing market isn’t stronger. Depending on which study you read, this demographic group of 80 million strong just can’t manage to save enough money for a downpayment on a mortgage. Instead, they’ve been living in their parents’ basements or – gasp – renting in “group” homes. This in turn has stifled the housing recovery, or so the experts claim ...