The 2008 Housing and Economic Recovery Act stipulated that the baseline limit could not be lowered when house prices were falling. And during recovery, there could be no increase until the HPI reached its previous high, in the third quarter of 2007.

In a statement, officials at TD Bank said the new hires will focus on originations in the Northeast.

California had threatened to pull the company’s license over document requests that Ocwen was ignoring at the time. Eventually, the two parties came to terms.

LoanStar expects to originate $750 million of home mortgages this year and has set a goal of doubling that in 2016…

Unless mortgage-banking income takes another steep downturn in the fourth quarter, 2015 will likely prove more profitable than 2014 by a slim margin.

However, 40 percent of those lenders who do not offer a mobile app plan to make one available over the next 12 months.

Bank of America grew its MBS holdings by a stunning 22.7 percent in the third quarter, according to Inside MBS & ABS.

FINRA made some concessions to the industry in the proposal issued in October, but many MBS traders warned of dire consequences if the proposed margin requirements take effect.

Moreover, during the quarter, the REIT joined the Federal Home Loan Bank of Atlanta.

After a seven-year hiatus, Silver Hill Funding this month re-entered the market for small-balance commercial mortgages, rolling out a menu catering to borrowers that are looking to buy multifamily properties, as well as office, retail, light industrial, self-storage and mixed use. Under its initial program, it will extend credit to both investors and owner-occupants ranging from $250,000 to $1 million as the nonbank attempts to serve a niche that it believes is ignored by ...