One observer who follows the program had this to say: “It’s nice of them [FHA] to give money away in an election year. It’s not like they need the volume.”

Analysts continue to believe that PHH's shares are undervalued based on “book” price…

Not only has BofA reduced its presence in the FHA market, but it keeps dumping its Ginnie Mae servicing rights...

Asked why these employees would join his company, the executive said the current owners of his target have become less competitive on pricing and trimmed compensation for loan officers.

In an interview with IMFnews, NAIHP president Marc Savitt said the new forms are confusing and "the three-day waiting period is useless and unnecessary.”

The publicly traded nonbank also will consider donating REO to the city...

Meanwhile, servicing income at EverBank fell 26 percent to $26.9 million. Gain-on-sale revenue also fell 26 percent – to $24.7 million.

The House Financial Services Committee also has some unkind words for the Department of Housing and Urban Development and its 7800-plus workers...

Loan amounts of up to $2.0 million are allowed under the program, though in certain cases A&D will go as high as $5.0 million.

Mortgages sold and securitized by Flagstar fell 29.4 percent.