For the year ending Sept. 30, 2014 MBA took in revenue of $51.9 million versus $39.1 million in expenses for a net profit of $12.7 million.

A spokesman for the NYDFS admitted that, “We’re constantly trying to improve our processing times, but we know that we have a lot of work to do..."

ABA said all stakeholders believe that clearer and more effective mortgage disclosures are important and worthwhile.

Among the top 10 companies in the complaint database, two mortgage servicers showed improved performance: Ocwen and Nationstar.

Effective Oct. 1, 2015, the upfront g-fee for USDA purchase and refinance loans will be raised to 2.75 percent from 2.00 percent.

A quick check of rates this morning found that firms such as Sebonic and Aurora Financial were offering 30-year fixed-rate loans at 3.75 percent with no points.

The borrower listed his cellphone number on the loan modification documents, but then defaulted.

The lead generation firm argued that the CID’s notification of purpose was too vague and thus failed to comply with legal and regulatory requirements.

Remember the nonprime MBS deal that Angel Oak was working on with Nomura? The transaction may be on again...

A former FHA commissioner, Stevens said GSE reform should include a new charter for Fannie Mae and Freddie Mac...