The national director of retail sales at a top-20 ranked lender is out in the cold. Details to follow...

Standards for qualified-residential mortgages along with risk-retention requirements for certain non-agency mortgage-backed securities take effect Dec. 24, 2015. The final rule establishing the implementation date was published in the Federal Register at the end of December 2014. Federal regulators first detailed...[Includes two briefs]

In 2013, CashCall sold roughly $10 billion of residential servicing rights – a sale that may have been forced by Fannie Mae, sources told IMF.

It was the strongest refi volume of the year, and it helped offset a 9.8 percent drop in purchase-mortgage securitization over the same period.

Moody’s noted that 88.1 percent of the mortgages slated for securitization have been modified.

A spokesman for Impac said the purchase price will be disclosed “when the final docs are filed.”

Lowering premiums now would only put the FHA MMIF further behind, the House Financial Services Committee chairman argued.

Mortgage lenders are delirious about lower FHA premiums, right? Well, not everyone.

HUD Secretary Castro said the MMIF is on a “positive trajectory,” though he admits the premium reduction could delay its recovery...

Molly Boesel, a senior economist at CoreLogic, said mortgages originated in the past four years are among the most pristine loans made in the past two decades.