Mortgage industry trade groups filed a brief last week asking the Supreme Court of the United States to take up a case involving fees charged by Connecticut aimed at mortgage recordings by Mortgage Electronic Registration Systems. In February, Connecticut’s Supreme Court upheld fees imposed by the state in 2013 that tripled charges for mortgages recorded with MERS compared with non-MERS recording fees in the case of MERSCORP Holdings v. Dannel Malloy. In the new brief, industry participants caution...

Banks that participate in third-party lending, including mortgage originations, would be subject to greater scrutiny, according to proposed examination guidance issued late last week by the Federal Deposit Insurance Corp. The FDIC said third-party lending is an arrangement that relies on a third party to perform a significant aspect of the origination process, including marketing, borrower solicitation, underwriting, loan pricing, loan origination, customer service, consumer disclosures, regulatory compliance, servicing, debt collection, and data collection, aggregation or reporting. An agency spokesperson said...

The three agencies securitized $43.09 billion of purchase mortgages last month, a 15.3 percent increase from June.

Caliber has loosened requirements for its nonprime production, making changes to guidelines every six weeks or so…

The company has been diversifying heavily into subservicing contracts and over the past year has struck outsourcing deals with USAA and Seneca Mortgage Servicing.

Specifically, auditors either found undocumented large deposits or deposits that are from unacceptable sources.

According to Mat Ishbia of UWM, the loan broker segment is thriving.

At press time Wednesday, the share price of Nationstar was soaring...

However, for the six other loan types tracked by the Fed, mortgage underwriting standards were largely unchanged…

Compared to 2011, g-fees (which include LLPAs) have increased a whopping 126 percent.