Bank of America grew its MBS holdings by a stunning 22.7 percent in the third quarter, according to Inside MBS & ABS.

FINRA made some concessions to the industry in the proposal issued in October, but many MBS traders warned of dire consequences if the proposed margin requirements take effect.

Moreover, during the quarter, the REIT joined the Federal Home Loan Bank of Atlanta.

Prospect Mortgage said that although it settled, the lender did not admit “to any alleged violations of applicable laws, regulations or rules..."

In the same blog post, Hsieh – who did not talk to the press about the scuttled IPO – described loanDepot as a “unicorn startup,” calling it “one of the very few success stories not from Silicon Valley.

An estimated 32.5 percent freefall in refi originations during 3Q had a much bigger impact on the conventional market than on government-insured lending.

Some realtors who have closed sales subject to TRID said the process went smoothly while others reported extended potential closing timelines...

Given the president’s intention to defend the Dodd-Frank Act for the remainder of his term, an industry-wide QM safe harbor for portfolio mortgages is “a heavy lift,” said former FHA chief Dave Stevens.

Interest rates are rising and that means more MSR packages are likely to hit the market.

Quite a few executives believe the central bank should move forward with a “one and done” strategy and be done with it...