Habib told IMFnews that if yield on the benchmark breaks 3.25 percent it could quickly shoot up to 3.63 percent…

The massive tax cuts the president and GOP bestowed on the nation late last year have spurred economic progress. It’s hard to argue with that, but...

HSBC will pay $765 million to settle charges brought by the Department of Justice...

Meanwhile, the largest potential deals looming over the market continue to be Ditech Financial and loanDepot…

Analyst Henry Coffey: “It is worth noting, given expected home price appreciation, that a flat mortgage market should translate into a 4 percent or greater decline in actual mortgage unit count.”

Fix-and-flip lender LendingHome, San Francisco, has surpassed the $3 billion market in originations...

With originations expected to fall, lenders of all different stripes are carefully examining their staffing needs…

One source familiar with Eli Global’s mortgage operations said layoffs have occurred at the company’s mortgage unit...

Frater was also executive vice president at PNC Financial Services...

Mortgage servicing delays have caused the Department of Housing and Urban Development to pay a whopping $413 million for unnecessary interest and other expenses. The payment put a major dent on the FHA Mutual Mortgage Insurance Fund and its ability to pay other claims or reduce FHA mortgage-insurance premiums, according to a report from the HUD inspector general. The amount covered interest payments and other costs on 27,634 preforeclosure claims over a five-year period. The costly setback could have been avoided had lenders completed servicing chores on defaulted FHA loans within their prescribed periods, the IG said. Although serviers were to blame, HUD reimbursed them through FHA insurance claims. The IG analyzed 100,077 preforeclosure claims paid from Aug. 1, 2012, through July 31, 2017. Auditors identified 30,061 claims that had ...