“The most common example is a loan program for self-employed borrowers that relies on bank statements, rather than tax returns, to determine income,” Fitch said.

If Fannie Mae's origination forecast comes true, just $615 billion in loans will be written from July 1 to Dec. 31, an ugly outlook indeed…

Although Manhattan Mortgage operated mostly as a loan broker, a press statement from MC Home Loans describes the new company as a “banker.”

For the year ending Sept. 30, 2014 MBA took in revenue of $51.9 million versus $39.1 million in expenses for a net profit of $12.7 million.

Only one servicer among the top 15 – Caliber Home Loans – avoided a decrease in subprime MSRs...

“More people want to take care of their student loan debt before getting into even more [debt] with a mortgage," said Rick Sharga, executive vice president of Auction.com.

Quicken Loans is contributing 17.1 percent of the mortgages to the new jumbo MBS from Credit Suisse.

A quick check of rates this morning found that firms such as Sebonic and Aurora Financial were offering 30-year fixed-rate loans at 3.75 percent with no points.

ABA said all stakeholders believe that clearer and more effective mortgage disclosures are important and worthwhile.

Renters' attitudes about homeownership have shifted, said Freddie Mac...