The new offering is in the $1 billion range. MorVest hopes to complete the sale by the end of January.

The banks completed 22,459 proprietary mods in the third quarter, down 25.4 percent compared with the previous quarter...

None of the executives interviewed by Inside Mortgage Trends could put hard numbers on how many executives have been sticking around the industry past 70 years of age, but none had a doubt that there were still plenty to be counted.

The final rule from the FHFA also simplifies the standard for issuing suspension orders...

“It is likely that Fannie Mae could have survived the financial crisis without the intervention of the Treasury,” the authors argue.

However, the new PHH filing does not contain the names of any underwriters, dealers or agents.

The group’s combined production-related income fell a lot more than their actual origination volume, which was down 5.8 percent from the second quarter...

We’re hearing more chatter of mortgage lenders starting a loan officer “scorecard” approach to grading their salesmen and women...

The Ginnie Mae share of total mortgage debt outstanding hit a record 15.2 percent at September 30, according to exclusive survey figures from Inside Mortgage Finance...

The BofA spokesman, when asked by Inside Mortgage Finance whether the bank will deliver fewer loans going forward, declined to comment.