Wall Street loved the unexpected news from the Fed, with the yield on the benchmark 10-year Treasury dropping to its lowest yield in weeks.

Almost 19 percent of the loans in the new Penny Mac jumbo MBS were originated by mortgage brokers.

Wall Street will hit the halls of Congress on the issue of eminent domain. Meanwhile, these lenders are refi-heavy: Wells Fargo, Chase, and Quicken. See our exclusive list.

The rise in interest rates that started in May has yet to have a significant impact on the purchase-mortgage market, according to the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. However, analysts say higher interest rates and rising home prices will constrain housing affordability. The non-cash share of home-purchase financing increased for the sixth consecutive month in August to 72.8 percent, based on the three-month moving average. The trend has been driven by a shift from investor purchases of distressed properties to activity among current homeowners and non-distressed properties. The non-distressed market showed...

Late last week, the Consumer Financial Protection Bureau finalized revisions to some of its 2013 mortgage rules slated to take effect in January – mostly mortgage servicing and loan originator compensation regulations – whether the industry is ready or not. The amendments and clarifications that the bureau proposed in June – and now finalized via a final rules on Sept. 13 – include a number of changes sought by various industry groups. There were no big surprises between June and September, but some overlooked details, one of which was the CFPB determining that seller-paid points can be excluded from the 3 percent points-and-fees test for qualified mortgages under its ability-to-repay rule. “Seller’s points...are excluded...

Mortgage lenders reported originating $2.01 trillion in home-purchase and refinance mortgages during 2012, a 43.7 percent increase from the prior year, according to a new Inside Mortgage Finance analysis of Home Mortgage Disclosure Act data released this week. Because HMDA data typically capture a relatively small share of home-equity originations and some small lenders don’t report at all, the total originations number for last year was somewhat higher. Interestingly, the origination volume grew...[Includes one data chart]

Analysts are now suggesting that higher interest rates along with rising home prices will constrain housing affordability.

If FHFA lowers the Fannie Mae/Freddie Mac loan limit, will that business shift over to the FHA?

Charges paid by the seller for certain items are included in points and fees, such as a title insurance fee paid to an affiliate of a creditor.

Brokers and others who do business with Nationstar Mortgage said they’ve been hearing stories about two-week delays on funds being delivered. Meanwhile, FHA has run out of multifamily money.