Most of the underlying mortgages have terms of six to nine months, but with a warehouse line in place the terms could range from three to five years.

Will well-known mortgage trainer Barry Habib stick with Residential Finance Corp., a company whose assets are in the process of being sold? It’s hard to say since RFC isn’t answering questions on about the firm’s future.

The new requirements become effective for FHA case numbers assigned on or after March 11, 2014. Comments are due by Feb. 10, 2014.

What's ahead for residential lenders and servicers in 2014? You might be surprised at some of our predictions. Hint: The servicing market looks good, at least.

Ginnie Mae chief Ted Tozer noted: “We want aggressive outreach to find out what the issues are. If they aren’t issuing, we want to know why."

“The recent decline in large-lender share of the primary market is temporary, and principally a result of cyclical factors that caused larger lenders to pull back from the market,” said Fannie Mae's Gerry Flood.

Freddie Mac reported new buyback demands on $3.3 billion of mortgages during the third quarter, a stunning 31 percent increase from the previous period.

The terms of the FTC’s settlement require Fidelity to sell a “copy” of LPS’ title plants in the six Oregon counties.

Freedom Mortgage, which has aggressive hiring plans this year, has tapped two top production executives from PHH.

Let’s just hope that if Bernie Madoff and Lee Farkas are socializing together in prison they’re not plotting some type of massive mortgage scam.