Currently, FHA requires a waiting period of two years in bankruptcy cases and three years after a foreclosure or short sale before a borrower can apply for an FHA loan.

With the retreat of banks from the non-prime lending space, Springleaf says it is strategically positioned to grow in the years ahead.

Mortgage brokers are continuing to lose market share, but the decline could be temporary, especially if the megabanks run out of refis.

Mini-correspondent lending is hot, but wholesale may be on the decline. Surprise: RE/MAX files to go public.

Roughly, 60 percent of real estate loans made by credit unions are sold to Fannie Mae and Freddie Mac, compared to only 44 percent for all financial institutions.

Combined with the 15 companies that previously reported earnings, mortgage banking income jumped 10 percent in the second quarter, to $7.51 billion.

Rising home values and mortgage interest rates drove down nationwide housing affordability in the second quarter, while a projected slowdown in labor force growth suggests weaker future housing activity, various industry analyses indicate. In its latest home price analysis, CoreLogic reported an 11.9 percent year-over-year increase in June 2013 for home prices nationwide, including distressed loans. This represents the 16th consecutive monthly increase in home prices [Includes one data chart] ...

Seeing a business opportunity with the ongoing explosion in new mortgage rulemaking, software providers LendingQB and DocuTech recently formed a strategic alliance, integrating their platforms and enabling their clients to streamline their compliance document preparation. LendingQB is a Costa Mesa, CA-based company that specializes in loan origination technology and services for the mortgage industry. DocuTech, based in Idaho Falls, ID, is a provider of enterprise-class compliant ...

Redwood Trust is about to have company from other real estate investment trusts looking to issue non-agency jumbo mortgage-backed securities. Two Harbors Investment will issue its first jumbo MBS later this month, and PennyMac Mortgage Investment Trust plans to issue a security by the end of September. Redwood helped revive non-agency jumbo MBS issuance beginning in 2010 and has been active in the sector ever since. Following the financial crisis, no other REITs joined Redwood even though ...

Fannie Mae will lower its maximum LTV. Mortgage insurance firms are not happy. Meanwhile, NAMB blames shrinking application volumes on summer vacations.