Community banks in several states are working to increase their market share of mortgage originations as nonbanks have exited their markets, according to the Conference of State Bank Supervisors. However, credit unions have also gotten more aggressive with their lending, posing a threat to community banks. Charles Vice, chairman of the CSBS and commissioner of the Kentucky Department of Financial Institutions, said regulators in 28 states held more than 50 town hall meetings this year with community banks ...

A senior executive at Residential Finance Corp. confirmed that the company’s chief financial officer Nick Hahn left the lender/servicer last month, but has since been replaced.

But there was good news from Cole Taylor Mortgage as well. The company’s servicing portfolio is up to $16 billion in receivables.

The survey of almost 2,000 real estate agents found that lenders routinely extend their deadlines due to loan processing issues, causing problems for homebuyers

Marc Savitt, president of National Association of Independent Housing Professionals, a broker/appraiser trade group, noted that the short-term outlook for the sector looks difficult.

When in doubt, use the whole loan market. Shellpoint Partners is giving up, for now, trying to issue a jumbo MBS.

FHA mortgages were used to finance 22 percent of home purchases in September, based on the three-month moving average.

A few years ago, industry veteran Bill Dallas wasn't so crazy about loan brokers. But he has apparently changed his mind.

According to one servicing advisor, large banks – including Wells Fargo – have been quietly selling excess servicing rights through private securitizations.

The biggest originator of jumbo mortgages is redeveloping a platform to issue non-agency mortgage-backed securities, according to Larry Rubenstein, managing counsel at Wells Fargo. However, don’t expect jumbo MBS from Wells anytime soon as the bank has plenty of portfolio capacity. Wells hasn’t issued a non-agency jumbo MBS since 2008, when it was the top issuer of such securities, according to the Inside Mortgage Finance MBS Database. Speaking at the ABS East conference sponsored by Information Management Network ...