“When is enough, enough? Paying for past sins, sometimes before they were sins. I’m not speaking specifically about Wells Fargo, but in general.” – Marc Savitt, NAIHP president.

Housing reform legislation that would ease FHA restrictions on condominium financing and allow delegation of loan approval authority to qualified lenders under the U.S. Department of Agriculture’s rural housing programs this week passed the House by a vote of 427-0. Described as an FHA reform bill, H.R. 3700, the “Housing Opportunity Through Modernization Act,” would make several incremental changes across a number of federal housing programs. It would modify...

Impac is working to increase originations of non-QMs as part of an effort to mitigate against reduced refinance volumes.

No wonder Wall Street firms are trimming their fixed-income desks. MBS daily trading continues to struggle…

Will the last megabank left in the mortgage industry please turn out the lights...

The extended deadline also provides mortgage companies an opportunity to pursue loss mitigation before initiating foreclosure against a customer.

One observer called the $1.2 billion “chump change” for Wells.

We also are hearing reports that TRID errors and closing delays definitely will be affecting first quarter 2016 earnings, at least for certain nonbanks…

Mortgage firms that are thinking about selling are 15 to 25 years old, said one M&A advisor...

For lenders, the best scenario is that an arbitrator might rule in their favor, with a GSE reimbursing them for what Fannie and Freddie call “certain costs and expenses.”