The increase in mortgage debt outstanding in the third quarter of 2013 increasingly looks like an aberration rather than a turning point.

“Banks are really bad at servicing nonperforming loans,” said Jon Wishnia, a partner at the law firm of Lowenstein Sandler.

RPM Mortgage would love to expand its presence in East Coast markets. It also recently rolled out a non-QM product.

Originators are constantly looking over their shoulders because loans are being re-underwritten two or three times, once by the aggregator, once by the GSEs...

As the mortgage M&A market chugs along in the coming year, Guild hopes to be a buyer.

Elevated home prices and a smaller supply of distressed properties have prompted many investors to switch from buying to selling.

In short, investors – if they bought mortgage stocks at their peaks – are looking at substantial losses...

The Federal Reserve’s Open Market Committee this week met Wall Street’s expectations that it will continue to plow principal payments from its holdings of agency MBS back into agency MBS until sometime after the central bank decides to raise its federal funds target range. “The timing will depend on how economic and financial conditions and the economic outlook evolve,” said the FOMC after its two-day meeting concluded Wednesday afternoon. In the meantime, the Fed’s tapering of its quantitative easing program will continue...

Hundreds of community banks, credit unions and community development financial intuitions within the Federal Home Loan Bank system will be adversely impacted and even face expulsion from the FHLBanks if a proposed Federal Housing Finance Agency rule change goes into effect, say rule opponents. The FHFA’s proposal, issued earlier this month, would change the FHLBank membership qualifications by imposing an ongoing asset test on FHLB members, requiring that they track and report on the mortgage-related assets they hold on their books.

Fannie Mae and Freddie Mac were not ready for the new representation and warranty framework that took effect early last year at the insistence of the Federal Housing Finance Agency, according to a new Inspector General audit. Announced in September 2012 and implemented Jan. 1, 2013, the framework relieved sellers from certain reps and warrants, including those relating to credit underwriting and eligibility of the borrower and the property that were formerly effective for the life of the loan.