W.J. Bradley isn't necessarily buying Legacy Group Lending, but the two firms are combining forces.

FHFA issues progress report on the "common securitization platform" but no CEO is in place yet. Meanwhile, Ally is out of MSRs totally.

If Rep. Mel Watt gets the FHFA job will he tinker with GSE net worth minimums?

PennyMac Financial Services could raise just over $200 million through an initial public offering of stock.

Union Bank hopes to make a big splash as a retail funder of Fannie Mae and Freddie Mac loans.

Banks are still making nice profits off their residential lending and servicing businesses, but 4Q12 may turn out to be a peak in the cycle.

Loan officer compensation to individual originator employees is included in the calculation of the QM’s 3 percent limit on points and fees but the industry believes this is double counting.

Cole Taylor Mortgage, which has grown its servicing portfolio ten-fold in the past year, is now an active Ginnie Mae issuer.

Mortgage profits are improving in the second quarter, but how long can it last? Meanwhile, Freddie talks about the CSP.

Many people in the mortgage lending and securitization sectors thought the controversial eminent domain plan pushed by Mortgage Resolution Partners was graveyard dead after suffering a few high-profile defeats in various locales throughout the country. They were wrong. Now, a number of interested industry parties are back on the defensive, trying to convince city officials in Richmond, CA, to abandon a new advisory arrangement with MRP and to discourage local government representatives in North Las Vegas, NV, to not reach a similar agreement with the firm. In both instances, the plan being advanced by MRP would involve...