Industry veteran Sy Naqvi is stepping down as CEO of PNC Mortgage.

Last summer, the Office of the Comptroller of the Currency issued an advisory concerning warehouse lines of credit that was all but ignored by most players in the market. That is, until now. In a research note, Keefe, Bruyette & Woods said the “new” OCC rules could force Texas Capi-tal Bank to increase the risk weighting of its warehouse lines to 100 percent, from its current designa-tion of 37 percent.

Can Fannie Mae and Freddie Mac capture $93 billion in deferred tax assets - money that ultimately will flow through to the U.S. Treasury?

Stable interest rates are making refinancing less attractive to the newest mortgage borrowers, which should keep prepayment rates very low.

Genworth is losing a top MI executive to a mortgage servicer. And more woes for Chimera...

It would appear that Kondaur Capital of Orange, CA, is once again actively seeking out portfolios of nonperforming loans.

HUD may be forced to cut some of its vendors due to the federal sequester. Meanwhile, Two Harbors raises $673 million.

Mortgage banking units owned by banks and thrifts generated $1.55 trillion in loan sales during 2012, a 36.9 percent jump from the previous year.

Historically, many banks have deducted expenses associated with REO, but all that may soon change thanks to a new IRS ruling.

Citibank continues to finance PennyMac and its affiliates. The bank recently increased a repo line it had with the publicly traded REIT.