The CFPB found that 70 percent of mortgage customers rely on their lender or broker to obtain loan pricing information.

Patrick Flanagan, Cove’s CEO, was once the president of New Century Mortgage, a now-defunct subprime giant

FHA lenders may start requesting case number cancellations on Jan. 15, but must submit all requests before midnight on Feb. 26.

“I only saw about 5 percent of my buyers face-to-face last year,” said one Texas-based loan officer.

However, the VA loan program does not require a downpayment, which is a major attraction for some borrowers.

How much a loan officer earns can be determined by where his/her leads come from.

S&P believes the gap in execution between whole-loan sales and securitization has started to narrow.

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]

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

The Basel Committee on Banking Supervision recently proposed replacing credit ratings with loan-characteristic metrics for determining capital requirements on bank holdings of residential MBS and commercial MBS. Federal regulators in the U.S. note that the proposal is preliminary and any changes to U.S. capital requirements will go through a notice and comment process separate from the BCBS’ activity. The current standardized approach established by Basel for determining capital requirement riskweights prescribes the use of external credit ratings for residential MBS and commercial MBS, among other holdings by banks subject to capital requirements. “While acknowledging that credit rating agencies play an important role in financial markets and that external credit assessments provide valuable information that may assist in the analysis of credit risk exposures, the hard-wiring of external credit assessments into standards, laws and regulations may often lead...