In a blog posting midweek, attorney Barbara Mishkin of Ballard Spahr says it appears Cordray will not resign before Labor Day…

Even if the feds ease up on regulation, the states will continue to be vigorous…

The Fed just greenlighted a bank M&A deal...

Problems regarding the ratings of IO tranches of pre-crisis non-agency MBS emerged in June of this year...

NRMLA said the changes "diminish the benefit (amount of loan proceeds) available and increase the costs (increased upfront mortgage insurance premium) to most borrowers.”

Earlier this month, nonprime lender Citadel Servicing Corp., Irvine, CA, launched a one-month bank-statement program for self-employed borrowers.

Cowen & Co. predicts that storm damage caused by the hurricane could “encourage” lender consolidation…

Late last year, IBM bought Ludwig’s Promontory Financial Services advisory firm, but the former OCC chief kept two divisions: Promontory MortgagePath LLC and Promontory Interfinancial.

So, how is the program doing? A spokesman for UWM said 40 firms were created with the first round of seed money and all are still in business.

A growing number of mortgage lenders and aggregators are actively considering entry into the private label securitization market, says Clayton President Jeff Tennyson…