In the wake of a recent Supreme Court of the United States decision allowing loan officers to receive overtime pay, mortgage company owners are already laying down the law: no OT for LOs unless management approves the extra time first. The freshly decided case is causing lenders to distinguish between “inside” and “outside” salesforces. According to early interpretations of the decision, loan officers who work in a branch more than half their time are ...

Real estate agents have a positive outlook for the spring homebuying season, especially first-time homebuyers, according to the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. Tom Popik, research director of Campbell Surveys, said homebuyer traffic was higher than expected during the winter and demand from first-time buyers is expected to be strong in the coming months. “Rising interest rates may stimulate the market as homebuyers ...

With JPMorgan Chase slated to buy $45 billion worth of Fannie Mae rights from nonbank Ocwen Financial the shift in MSRs over to banks likely will continue...

Talk about optimism: Roughly 71 percent of firms surveyed said they expect purchase-mortgage demand to rise.

Nevada was the leader in underwater homes with 24.2 percent of mortgaged properties in a negative equity position.

The report from WalletHub compares the cost of FHA and private MI from 2008 through 2014 – before the recent 50 basis points cut in FHA premiums...

Bank demand for MBS has increased due to new accounting requirements and a decline in total residential loan production in recent years.

United Wholesale's Mat Ishbia said 20 percent of purchase mortgages are originated by brokers.

The representations and warranties used in jumbo MBS can sufficiently handle some breaches but fail to completely protect investors, according to Moody’s Investors Service. In a report released this week, the rating service noted that issuers use two main varieties of reps and warrants: those that allow for an open-ended review of loans and those that employ a prescriptive framework. The open-ended reviews are seen in jumbo MBS from Redwood Trust, WinWater Home Mortgage and others...

Mortgage lenders repurchased or paid losses on $710.1 million of Fannie Mae and Freddie Mac loans during the fourth quarter of 2014, a 30.8 percent increase from the previous period, according to a new Inside Mortgage Trends analysis of earnings reports. While increased buybacks are never a good thing for lenders, the fourth-quarter total was the second-lowest repurchase amount disclosed by the two government-sponsored enterprises ... [Includes two data charts]