Nonbank mortgage lenders are starting to complain more loudly about the length of time it takes to get their loan officers approved to do business in New York state, quoting approval times that can take anywhere from 90 to 120 days – and that’s for an application with no “red flags.” A mortgage consultant who works closely with nonbanks estimated that some of his LO clients have waited as long as six months, including both new LOs and bank loan officers who are transferring to a nondepository. Requesting anonymity, he said...

Some lenders, such as PennyMac, have promoted the no-downpayment feature in their media advertisements.

Overall, delinquencies remained below levels seen a year ago...

HUD's Neighborhood Watch system is down, but this cabinet level agency has no explanations for the press or public

The sharp increase in purchase-mortgage lending during 2Q helped float the private MI boat higher.

Historically, the turn time for the Income Verification Express Service program has been around two business days or less. Not anymore.

Is the bulk MSR market in the doldrums?

This just in: Wells Fargo mortgage chief Mike Heid to step down...

If rates continue to head south it could result in large hedging losses and markdowns on mortgage servicing rights.

Ocwen faces the potential loss of non-agency MBS servicing on two fronts but so far investors are not pulling the trigger...