Cash-out refis are at all-time lows compared to the peak in 2006 when $84 billion in equity was withdrawn by consumers.

Pete Carroll's mortgage credentials include a stint at Overture Technologies, a mortgage technology firm based in the Washington, DC, area.

The CFPB expects the vast majority of institutions to be in substantial compliance with its new mortgage rules by the January deadlines.

Paul Rozo, who runs PRMG, told us that he is not a big fan of call centers and that every LO in his organization is a “hunter,” a sales person “who relies on referral business and/or handling their own marketing."

Can Ellie Mae get a deal done with residential originations expected to slow in 2014?

While the report doesn’t mention FHFA Acting Director Edward DeMarco by name, it's a clear repudiation of his stewardship of the agency.

The changes via Desktop Underwriter include tougher debt calculations for adjustable-rate loans and a complete removal of interest-only loan options.

Consumer advocate Mike Calhoun questioned if lenders will offer non-QMs at all, due to the liability posed by such originations and their designation as “less safe” mortgages.

According to Alice Alvey of Indecomm Mortgage U, “many shops are reassessing originator comp plans for January 2014 to adjust to the changing margins and seize the opportunity to blame it on the change in the law."

Freedom Mortgage chief Stan Middleman sees a "vacuum" in the mortgage market caused by retreating commercial banks.