Home equity lending at First Republic totaled $414.3 million in the quarter, off 8 percent from the prior period.

Then again, compared to the same period a year ago, Wells' production is just about flat...

MBA believes the “unnecessarily punitive treatment" of MSRs makes them one of the most costly asset classes in the entire Basel III framework...

It’s a safe bet that CitiMortgage will no longer be a top-10 ranked residential servicer…

In June of last year, DeMarco co-authored a Milken Institute white paper entitled “Why Housing Reform Still Matters." In it, he argues: "…we need to preserve the liquidity and capacity of an active, globally financed MBS market…”

The compensation figures for both men include salary, stock awards and other forms of income.

Despite these developments, FBR Capital Markets analyst Edwards Mills said passage of the Hensarling legislation is unlikely. “We continue to believe that major Congressional action on financial regulation is a 2018 event,” he writes in a new client note.

One trade group said Phillips has already reached out to the industry, gathering opinions on key issues facing the market, including Fannie and Freddie…

Jeff Detwiler, president of Long & Foster, which also owns a mortgage banking firm, said the company’s attrition rate “is at its lowest.”

Community lending representatives met with Trump administration officials last week to push a package of pro-growth, regulatory relief proposals, including a number of changes to the mortgage rules promulgated by the CFPB. The meeting was held with Treasury Department officials under President Donald Trump’s executive order directing the Treasury to review existing laws, treaties, regulations, guidance, reporting and recordkeeping to determine if they promote or inhibit federal regulation of the U.S. financial system as per Trump’s core principles outlined in Executive Order 13772. Meeting with the Trump administration officials were a handful of CEOs of bank that are members of the Independent Community Bankers of America.Among the proposed changes the trade group advocated was a more expansive qualified mortgage ...