CitiMortgage filed the lawsuit after Chicago Bancorp refused to repurchase 11 mortgages.

Although residential lending could fall by 20 percent in 2016, the demand for retail LOs with strong ties to Realtors and home builders should remain strong.

Stonegate, which lost $22.8 million in 3Q15, likely will report its fourth quarter results sometime in February.

As a result, the FHFA IG has reopened its recommendation from a previous audit report...

In a new press release touting its 2015 results, the privately held loanDepot LLC refers to itself on a few occasions as a “marketplace” lender...

Residential lenders issued a record $435.8 billion of Ginnie Mae securities in 2015, according to Inside MBS & ABS, a handsome 47 percent increase from the prior year.

In addition to misrepresenting prices sought by buyers and sellers of MBS, the DOJ said Siegel and co-conspirators misrepresented that bonds held in RBS’s inventory were being offered for sale by a fictitious third-party seller…

Specifically, the bureau’s notice asks for public comment on the agency’s use of resubmission error thresholds and how they should be calculated.

DR Horton’s share price is holding up fairly well, but companies such as KB Homes, Pulte and Toll Brothers are trading near their 52-week lows.

The Department of Justice announced in December that a structured finance supervisor at RBS Securities pleaded guilty to participating in a multi-million dollar securities fraud scheme and is cooperating with the government’s ongoing investigation. Adam Siegel was co-head of U.S. ABS, MBS and commercial MBS trading at RBS between 2008 and 2014. The U.S. Attorney’s Office in the District of Connecticut said Siegel admitted that he and others conspired to increase RBS’s profits on trades of residential MBS and collateralized loan obligations at the expense of customers. “His crime included...