Mortgage broker employment hit a multi-year low of 55,200 jobs in the spring of 2011, but the sector has steadily added workers...

Maybe a "reverse" merger might work for Stonegate Mortgage...

Meanwhile, regional banks appeared to weather the quarter better than other sectors of the mortgage industry…

So, where did all the talk of a possible sale or spin-off come from? Answer: from activist investor Carl Icahn.

Bank of America has disclosed a $335 million settlement with a Pennsylvania public school pension fund, ending a four-year class-action lawsuit brought by shareholders. BofA made the disclosure without much detail in its 10-K filing. According to the bank, the $335 million, which will be used to settle multiple claims, was fully accrued as of June 30, 2015. A bank spokesman declined to comment on the settlement. Shareholders led...

Overly conservative accounting, subpar servicing, lack of claims data and a desire to protect taxpayers from mortgage-related losses contributed to the material flaws in Ginnie Mae’s FY 2014 financial statements. Ginnie Mae is working to implement a recommendation by the Department of Housing and Urban Development inspector general to use generally accepted accounting principles (GAAP) in restating its 2014 financial statement and adjusting affected prior-year financials, according to Ted Tozer, president of the agency. Tozer noted...

Now that rates are rising, one might expect Freddie to have a blow-out quarter in 4Q. Will Rep. Garrett issue a statement in February congratulating the GSE on a great job?

Most publicly-traded companies reported declining net earnings from their mortgage banking operations during the third quarter of 2015, according to a new Inside Mortgage Trends analysis. A diverse group of 34 major mortgage lenders that includes most of the top lenders and servicers posted a combined $3.56 billion in income from their mortgage banking activity during the third quarter. That was down 25.8 percent from the second quarter of 2015. The declining profitability was...[Includes one data table]

Mortgage lenders made it tougher for borrowers to obtain mortgage credit in the second quarter of 2015 compared to the first three months of the year. The mortgage credit availability index overall fell slightly in the second quarter to 5.3, down from 5.5 in the prior quarter, although that level still remains above the low of 4.6 in the third quarter of 2013, according to the Urban Institute’s Housing Finance Policy Center (HFPC). The HFPC uses...

FCI Lender Services, the nation’s largest private-money servicer, is sticking its toe in the lending market by teaming up with Blackrock Mortgage Investment to extend credit to investors in single-family rental properties. This month, the Anaheim, CA-based FCI rolled out two SFR products and one tied to investors looking to buy nonperforming mortgages. According to a rate sheet provided to Inside Mortgage Trends, one of the SFR products requires...