“Without nonbanks, today’s sluggish mortgage market would be much less vibrant,” according to research released this week by two researchers associated with Harvard University. Their working paper stresses that implementing bank-like standards for nonbanks isn’t the best strategy to mitigate risks in the housing finance system. The paper was authored by Marshall Lux, a senior fellow of the Mossavar-Rahmani Center for Business and Government, which is part of the John F. Kennedy School of Government at Harvard University; along with Robert Greene, a research assistant at the same center. They called...

Notice of the final order on PHH sent the nonbank’s share price tumbling four percent at one point. Regulators say the MI kickback scheme started as early as 1995.

If Fannie Mae and Freddie Mac were privatized, they would likely have to increase their capital from current levels and face increased borrowing costs.

The average closing time for a VA mortgage was 41 days, a reading taken in as of March of this year. A year ago it was 39 days.

The reassurance on TRID was given Wednesday morning to Richard Hunt, president and CEO of the Consumer Bankers Association...

Not only is the FHFA scrutinizing lender-paid mortgage insurance products, but the agency might require higher capital standards...

Portfolio holdings of mortgages also have increased at a faster rate for smaller banks than larger ones.

According to one trader, secured nonperforming seconds sell in the secondary market for one penny on the dollar to 20 cents on the dollar…

In partnership with former Lehman Brothers Managing Director Brian Libman, Blackstone is trying to carry out a “roll-up” strategy...

The FHA loans were originated through the bank’s mortgage subsidiary, First Horizon Home Loans, which was sold to MetLife Bank in August 2008.