A source close to Horne confirmed the news and said he would be serving as an “executive advisor” to Wingspan, at least over the short term. But this source warned that the situation was "fluid."

No reason for panic yet: Only two jumbo (MBS) borrowers are currently more than 60 days delinquent and the foreclosure process has yet to start for either.

One GSE source close to the CSP project noted that Yanoti was one of the platform’s “leaders,” but cautioned that “there are others as well.”

The Mortgage Bankers Association is on a mission to convince banking regulators to revisit the Basel III capital standards and to change the cap on how much mortgage servicing rights can count toward Tier I capital. The way things stand now, MSRs will be capped at 10 percent of capital when the rule is fully phased in, with the excess deducted from a depository’s “common equity.” Previously, the cap was 100 percent. In a draft letter to the Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency, the MBA argues...

Another refi boomlet? One Long Island-based mortgage executive told us this: “Locks doubled from the day before and are up 30 percent over the previous 10 days”…

Ethos Lending, a QM and non-QM lender, is marketing itself to third-party loan officers as the “broker advocate."

Bonds backed by nonperforming residential mortgages could reach $6 billion this year. But all of the deals are "private."

New York Law School professor Richard Epstein took issue with Judge Lamberth’s ruling that HERA doesn’t take away any “cognizable property rights.”

In the past, when mortgage wholesalers cut fees it marked an attempt to increase production volume.

Is it that the FHFA doesn't want to take a stand on g-fees because it fears alienating the industry?