Excluding PennyMac, the eight remaining nonbanks had a combined $41.21 million net loss on mortgage banking activity…

However, a tool currently used by FHA appears to be an obvious solution to the churning problem…

So, where’s Mick?

As press time, details were sketchy, but lobbyists who claim to have knowledge of the draft caution there are several “different pieces” to the measure...

Industry consultant Paul Hindman: “There seems to be a growing number of participants in this year’s game of musical chairs."

Codel joined the megabank in 1993. He’s a graduate of Harvard University with a degree in engineering science…

In the broker channel, United Wholesale Mortgage once again dominated…

Freddie officials stated that the GSE continued to incur market-adjusted pricing costs in the form of lower MBS guarantee fees.

The Fannie/Freddie receivables would come primarily from California, Florida and Texas.

This most-risky bucket accounted for just 2.6 percent of refi business in the third quarter...