The days of it being a seller’s market for mortgage banking franchises appears to be over, with current owners are increasingly unwilling to part with their companies at reduced prices. As one merger-and-acquisitions specialist put it, “It’s just hard getting deals done these days.” It looks like a case of supply and demand – and, of course, cash. At the very least, sellers want to receive book value for their companies plus some type of “earn-out” that could last up to 10 years. According to interviews conducted by Inside Mortgage Finance over the past week, the ratio of buyers to sellers has...

A major snag on getting deals completed is the "earn-out" agreement.

HUD is seeking authority for the FHA to require, in certain instances, institutions with less expertise in servicing to hand off that function to a specialized servicer...

Most people who are not in straight-jackets believe the chances of GSE reform by 2016 are pretty much zero. Just in case you were wondering and needed a reminder…

NYCB Mortgage Co. is the top contributor to the jumbo MBS with a 13.5 percent share.

Universal American Mortgage posted the highest FHA growth rate at 161 percent...

A major cross-selling opportunity? A report from Credit Suisse notes that, “Every month, JGW receives over 60,000 inbound calls from consumers…”

The CFPB seems to be spending quite a bit of time defending its "rate checker" tool, which is still in beta testing.

When it comes to mortgage overtime, management might just say "no."

The Supreme Court decision on overtime pay for loan officers is just over 48 hours old, but already some companies are fearing the worst...