Cash-out refis are at all-time lows compared to the peak in 2006 when $84 billion in equity was withdrawn by consumers.

One trade group official told Inside Mortgage Finance that despite efforts by the Federal Housing Finance Agency to create g-fee parity for lenders of different sizes, there has been little in the way of progress.

Are mortgage bankers so diabolical that they attempt to find a way around new regulations? Industry consultant Joe Garrett of Garrett, McAuley & Co. thinks so.

The changes via Desktop Underwriter include tougher debt calculations for adjustable-rate loans and a complete removal of interest-only loan options.

While the report doesn’t mention FHFA Acting Director Edward DeMarco by name, it's a clear repudiation of his stewardship of the agency.

Paul Rozo, who runs PRMG, told us that he is not a big fan of call centers and that every LO in his organization is a “hunter,” a sales person “who relies on referral business and/or handling their own marketing."

Buyback resolutions declined by 28 percent from the second quarter, even as the government-sponsored enterprises wrapped up large-scale settlements with a handful of their largest sellers.

In its successful civil suit against Bank of America, DOJ estimated that the two GSEs lost $850 million from thousands of loans acquired through Countrywide's “Hustle” program.

PennyMac is showing that it's hungry for mortgage servicing deals.

According to Alice Alvey of Indecomm Mortgage U, “many shops are reassessing originator comp plans for January 2014 to adjust to the changing margins and seize the opportunity to blame it on the change in the law."