Need a zero-down mortgage for $650,000? Another Washington-area credit union steps up to the plate.

In recently issued guidance, the VA said reduction of principal in connection with a loan modification may produce a higher expected return for a servicer than termination of the loan.

Testifying before a House subcommittee, the CFPB's Antonakes emphasized the fundamental importance of data analysis to the bureau’s mission.

Any lender that has refis greater than 50 percent could be at risk for layoffs, said one industry consultant.

A few days the megabanks will reveal 2Q earnings, letting us know how gain-on-sale margins are holding up.

As with previous MBS issued by Springleaf, the mortgages in the security were originated by firms owned by Fortress Investment Group.

The sale price breaks down as follows: $2.43 billion for the servicing advances and $241 million for the MSRs.

Citigroup, which runs an active NPL trading desk, acquired the assets from a large money-center bank.

New report sheds light on how much nonbank mortgage workers earn.

The review found that 37 percent of the mortgages were “deficient” and just 19 percent met FHA requirements.