Citi handed pink slips to 1,000 mortgage workers on Monday. It appears that some loan officers were let go.

Residential mortgage REITs held $327 billion of single-family MBS at the end of the second quarter, according to a new market analysis by Inside MBS & ABS.

The shift from distressed property sales to non-distressed creates opportunities for mortgage bankers because distressed properties are often purchased by investors with cash.

It’s not a surprise that FHFA has been quiet about its not-overly popular state-level g-fee proposal, according to Robert Bostrom, a shareholder at the law firm of Greenberg Traurig and a former general counsel at Freddie Mac.

The industry believes there are problems in the QM rule's content and requirements as well as in developing policies and procedures to support the measure and implement it.

The implementation date for lower GSE loan limits is being shifted to the end of the first quarter, or so we hear. Meanwhile, Citadel enters the market for stand-alone seconds.

Freddie Mac had been lending Fed Funds (overnight loans) to Lehman Brothers since 2005. Then, in 2008, the nature of those loans changed to longer term borrowings.

Lenders such as Bank of America and Quicken are hooked on refis. What might the future hold for these funders as purchase loans begin to dominate?

In less than a month Wells Fargo has unveiled mortgage-related layoffs of 4,100. Some of those receiving pink slips could find other work at the bank.

Wall Street loved the unexpected news from the Fed, with the yield on the benchmark 10-year Treasury dropping to its lowest yield in weeks.