Mortgage lenders and other employers that have made or are preparing to implement changes to comply with the Department of Labor’s revised overtime pay regulations may have to reevaluate whether to hold off or go forward with those plans, according to wage and overtime experts. On Nov. 22, Judge Amos Mazzant of the Eastern District of Texas granted a request by several states to block the new overtime pay rules that would have gone into effect on Dec. 1. The judge issued a preliminary injunction after determining that the DOL did not have the authority to decide whether workers should be paid overtime based on their salary level alone. Mazzant agreed...

One notable change in the market over the past three years has been the gradual increase in cash-out refi lending.

More lenders are making “bank statement” loans these days, including both banks and nondepositories…

Based on current trading values, Fannie common now has a market capitalization rate (share price multiplied by number of shares) of $28.01 billion. Freddie common is valued at $15.14 billion.

Some banks have reclassified mortgage loan officer duties as a way to avoid paying overtime, IMFnews was told.

All three buildings hit the market in October 2015. According to records from the District of Columbia’s Office of Tax and Revenue, the parcels were once valued at almost $200 million.

The Trump administration has added two more transition team members to HUD. Still, no word yet on whether Ben Carson wants to the secretary job...

Mortgage lenders saw a significant jump in refinance activity during the third quarter of 2016, although purchase-mortgage lending continued to account for over half of new originations, according to a new analysis and ranking by Inside Mortgage Finance. Refi production increased by 20.4 percent from the second to the third quarter, according to revised estimates by Inside Mortgage Finance. A total of $277.0 billion of refi loans were originated during the period, the strongest quarterly volume since the second quarter of 2013, when an estimated $351.0 billion of refinance mortgages were originated. One change in the market over the past three years has been...[Includes three data tables]

Warehouse providers ended the third quarter with $58.0 billion of commitments on their books, a modest improvement over the prior period and a sign that nonbanks still hunger for residential credit. Compared to the same quarter a year ago, warehouse commitments increased an impressive 23.4 percent, according to survey figures compiled by Inside Mortgage Finance. That’s the good news. Now comes the bad: with interest rates rising since the election, warehouse managers are voicing their concern about what may lie ahead, namely lower originations. “Right now it feels...[Includes one data table]

Despite the improvement in gripes filed, mortgage complaints are among the top three areas where consumers feel they are being taken advantage of…