Originations to first-time homebuyers perform worse than originations for repeat buyers, with the differences tied to factors beyond solely whether the borrower is a first-time homebuyer, according to new research from the Federal Housing Finance Agency. In a working paper published late last week, Saty Patrabansh, a senior economist at the FHFA, determined that the difference in performance between the first-time homebuyers and repeat buyers can be attributed to differences in the distributional make-up of the two groups and not to the premise that first-time homebuyers are an inherently riskier group. He analyzed...

The mortgage division is housed in BofA’s consumer banking division, which employed 65,818 workers at the end of June.

Chase was the sixth largest FHA lender in 2014 with $1.67 billion. Citi ranked 62nd with $342.4 million.

Some residential lenders are still living off of refi applications that were filed earlier in the year...

Complaints about residential mortgages were among the first type of gripes to be accepted and tracked by the CFPB’s consumer complaint database.

JPMorgan Chase earned $584 million from its mortgage banking division in the second quarter, more than double the profit of the first quarter.

The “major” counties where it’s cheaper to rent are all in Southern California...

A few years back, one investor in nonperforming loans told us that when he couldn’t find a delinquent borrower he turned to the Internet, namely Facebook...

Credit Suisse, the top jumbo MBS issuer through the first half of 2015, placed $629.6 million of jumbo MBS in 2Q, down 44.7 percent on a sequential basis.

Over the past seven months, Freedom Mortgage has added 700 to 800 new employees to promote and originate VA and FHA loans.