On average FHA took 340 days to sell REO properties based on dispositions from January 2008 through June 2012, compared to just over 200 days for Fannie, Freddie and VA.

Statebridge, which was founded in late 2008, is looking to grow its subservicing platform. The company is licensed in all 50 states.

NAR's oposition falls primarily in two areas: The PATH Act does not include an explicit federal guaranty and the bill dramatically restructures the FHA.

The hiring news isn't all bad in mortgage banking: Skyline Home Loans is looking for loan officers and Highlands recently hired some top executives.

In general, mortgage-related earnings were strong at the nation's banks in the second quarter, but clearly earnings "leakage" is underway. And yes, gain-on-sale is starting to slip.

The higher MSR values are not surprising, but the level of these increases have some mortgage professionals scratching their heads.

Purchase money lending will increase in 2014 but overall originations could swoon, according to a revised forecast from Fannie Mae.

Some of the nation's largest home lenders are beginning to cut mortgage workers as refinancing applications swoon.

HUD thinks random sampling would help make post-endorsement reviews more efficient, but some legal advisors believe the cost is too great.

Not only are nonperforming residential mortgages being placed into new securities, but so are re-performing loans.