“Our intention is to be a top tier lender,” said Newman.

The Federal Housing Finance Agency appears to be all alone – for now – in its effort to prevent nonbanks from gaining access to the Federal Home Loan Bank system by using a captive insurance affiliate. The proposal would also change FHLBank membership rules for depository institutions. But already the proposed ban – issued for a 60-day comment period early last week – is coming under heavy fire from different factions of the mortgage industry, including the Council of Federal Home Loan Banks, real estate investment trusts and private-equity firms that own REIT stock. David Jeffers, executive vice president for the Council, said “widespread calls” for the comment period to be extended are...

Altisource Portfolio Solutions has rolled out a new operating platform for brokers, table funders and third-party vendors.

Wells and JPMorgan Chase are no longer the dominant forces they once were in warehouse lending, ceding market share to more nimble bankers...

"Wellington's going to do what Wellington's going to do," said one observer of the stock sale.

Bank of America was once again the buyback king at the midway point in 2014.

The CFPB also is working with other regulators to help ensure consistency in their examinations of mortgage lenders...

As reported by IMFnews, 18 current members are affected by the proposed ban on captives, seven of which are mortgage real estate investment trusts.

The advisory firm based its findings on the operating results of 37 independent mortgage banking companies across the U.S.

Roughly 25 percent of lenders said they hope to enter the home equity lending market over the next 12 months.