Meanwhile, servicing income at EverBank fell 26 percent to $26.9 million. Gain-on-sale revenue also fell 26 percent – to $24.7 million.

The House Financial Services Committee also has some unkind words for the Department of Housing and Urban Development and its 7800-plus workers...

Loan amounts of up to $2.0 million are allowed under the program, though in certain cases A&D will go as high as $5.0 million.

Mortgages sold and securitized by Flagstar fell 29.4 percent.

Credit unions could incur an average cost of almost $9,600 to update their computer systems with the changes required by the CFPB…

Flagstar is the largest depository remaining as a table funder of mortgages through loan brokers...

As a structural matter, the bank is moving the operation from its “securitized products” group to “macro trading.”

A change of control of a mortgage insurance firm would need the approval of Fannie Mae or Freddie Mac...

Besides Quicken, loanDepot has been mentioned as an innovator when it comes to new using new technologies...

Although the CFPB recently issued a “clarifying” letter on errors tied to the TRID integrated disclosure rule, deep concerns remain among originators that fund non-agency product for sale into the secondary market. Moreover, according to interviews conducted by Inside Mortgage Finance, an affiliated publication, some nonbank lenders are seeing noticeable increases in origination costs because loans are taking longer to close and therefore remain on warehouse lines for an extended period of time. Because nonbanks fund almost all of their production using warehouse credit, the implication boils down to this: already squeezed profit margins are going to shrink. Industry efforts to comply with the new disclosures, which merge requirements of the Truth in Lending Act and the Real Estate Settlement ...