And since RBS is essentially owned by the British government, any settlement money will indirectly come from U.K. taxpayers. Who knows, maybe Adele, Paul McCartney and Elton John can chip in…

Meanwhile, as home equity originations improve, the outstanding supply of home-equity debt continues to decline.

All three panelists expressed the view that the nonprime market is safe from competition from the megabanks...

Potential MSR sellers abound, but what price will they accept?

The third quarter has yet to end and the big question for the industry boils down to this: Will 3Q be better than 2Q?

Among other things, Fannie found that for 3Q16, more lenders expect to sell their mortgages to the GSEs rather than keeping them in portfolio.

Some of the nation’s largest originators – including Quicken Loans, United Wholesale Mortgage and Freedom Mortgage – are reporting record originations for August, a boom that’s also resulting in headaches industry-wide: namely appraisal and underwriting delays. At this point, few are describing the delays as a crisis, but with September half over, certain originators fear that longer closing times will eat into profits while angering borrowers. “I have...

Warehouse money is available from commercial banks for nonprime home mortgages, but...

There is no clear explanation as to why VA rates are lower than the competition, but some industry participants, including Tom Piercy of Incenter Mortgage Advisors, speculate prepayments might be the reason.

The CHOICE Act also would make changes to the structure of the Consumer Financial Protection Bureau, including replacing the single directorship with a five-member board or commission.