Cerberus' purchase of PREO Mortgage of Atlanta could be the beginning of something big for the company.

Over the years Sharga has briefed government organizations such as the Federal Reserve and Senate Banking Committee.

In general, mortgage applications are off 25 percent from their peak. Meanwhile, a Wells Fargo employee with an NMLS number has been arrested.

The jumbo MBS market has another new issuer: Nomura. But the credit enhancement on its first deal was increased due to geographic concentration risk.

The FHA is considering whether to establish a maximum limit for “unacceptable” loans as well as a process to make post-endorsement reviews more efficient.

Need a zero-down mortgage for $650,000? Another Washington-area credit union steps up to the plate.

Agency MBS accounted for 98 percent of credit union investments in mortgage securities, according to Inside MBS & ABS.

In recently issued guidance, the VA said reduction of principal in connection with a loan modification may produce a higher expected return for a servicer than termination of the loan.

Testifying before a House subcommittee, the CFPB's Antonakes emphasized the fundamental importance of data analysis to the bureau’s mission.

PMFS, an affiliate of PennyMac Mortgage Investment Trust, said the repo line will be used to fund new residential originations.