Michigan Mutual is the latest mortgage lender to announce cut-backs in its processing staff.

Look for an update late Thursday on the sale of Cole Taylor Mortgage. Meanwhile, does anyone care that credit unions are holding 30-year jumbo mortgages in portfolio?

With mortgage rates at their highest level in more than two years, the long-awaited boom in mergers and acquisitions may finally be here. But don’t expect sellers to accept just any price. “M&A is picking up,” said Larry Charbonneau, who runs a boutique advisory firm, Charbonneau & Associates. “The big fish want to buy the small ones, but the small ones don’t know if it’s in their best interest to sell yet.” Charbonneau points out...

America’s Homeowner Alliance said it will defend low downpayment loans and the mortgage interest deduction.

Purchase mortgages accounted for 39 percent of the loans included in the new Credit Suisse jumbo MBS deal. The weighted-average combined LTV was 71 percent.

The government is seeking due diligence reviews performed by Clayton, as well as all communication between the clients for whom the company performed such work.

With origination profits leveling off, some mortgage bankers are looking to cash out. But can they still get top dollar?

Carrington Mortgage is in the market to buy residential servicing rights. Meanwhile, the mortgage application losing streak has ended.

Borrowers are given the option to either make a single, lump sum draw for adjustable and fixed-rate HECMs at closing or within the 12-month period after the loan closing.

Fannie Mae and Freddie Mac mortgage-backed securities accounted for 74 percent of combined FHLB MBS portfolios in the second quarter, up 2 percent from 1Q13.