Although the Consumer Financial Protection Bureau recently issued a “clarifying” letter on errors tied to the so-called TRID integrated disclosure rule, deep concerns remain among originators that fund non-agency product for sale into the secondary market. Moreover, according to interviews conducted by Inside Mortgage Finance over the past week, some nonbank lenders are seeing noticeable increases in origination costs because loans are taking longer to close and therefore remain on warehouse lines for an extended period of time. Because nonbanks fund almost all of their production using warehouse credit, the implication boils down...

Chase’s nine-month USDA volume translated into a 31.0 percent market share.

Depending on the product, loan amounts can range from $100,000 to $250,000...

This CEO called the letter a "godsend."

The receivables are dominated by Texas collateral at almost 62 percent.

The OCC said the mortgage-related fine against Chase was due to the servicer’s actions from December 2011 through November 2013...

Introduced in Sept. 2015, fundings of loanDepot home equity loan products have nearly doubled every month since launch...

PHH Mortgage remained the predominant IO lender with $3.43 billion during 3Q15, but the firm’s volume fell 16.9 percent on a sequential basis.

Overall, Ginnie securitization of FHA and VA purchase loans increased by 37.7 percent and 37.9 percent, respectively, during the third quarter, according to Inside Mortgage Finance’s database.

The Two Harbor deal ends a span of 31 days without a presale report for a new non-agency security.