Mark Savitt, president of the National Association of Independent Housing Professionals, told Inside Mortgage Finance that including “lender paid” compensation to brokers in the 3 percent cap is “double counting.

John Robbins is out at Bexil American Mortgage. Meanwhile, EverBank readies its second jumbo MBS deal of the year.

Non-agency MBS execution is competitive with agency MBS execution for purchase mortgages with loan-to-value ratios below 70 percent and credit scores above 740.

Banks and thrifts reported $7.7 billion in mortgage banking income during the first three months of 2013, a 16 percent jump from the previous quarter.

The CFPB's ban on mandatory arbitration provisions was part of the bureau’s final rule on loan originator compensation promulgated in January.

According to new FHA rules, no less than 20 percent of a lender’s required net worth must be in the form of liquid assets consisting of cash or an equivalent.

Not only is HUD looking into PHH's underwriting practices, but the government has questions about the lender's foreclosure expenses.

The auction market for nonperforming mortgages is beginning to generate heat with prices rising nicely from last year.

Come next year, Freddie Mac will assess lenders a fee of $7,500 if they fail to deliver mortgage loans with an aggregate principal balance of more than $5 million.

Bank investment in residential MBS fell 1.1 percent during the first quarter of 2013 to $1.562 trillion.