Michael Chan, vice president of ComplianceEase, has come up with a check-list that should be part of every lender's due diligence effort.

FBR notes that a key provision in the draft QRM rule is that any mortgage securitized by Fannie or Freddie is automatically a QRM.

Cole Taylor Mortgage is talking to several semi-finalists that want to buy the company. Meanwhile, it's business as usual at the bank-owned lender.

The FHA has consulted with the CFPB regarding the impact of faulty TILA disclosures, which could spell trouble for the industry.

PennyMac is once again stepping up to the NPL plate with some major deals. Meanwhile, cash-out refis continue to dwindle.

The warehouse lending market continued to hum along in the second quarter, but executives in charge of extending credit to nonbank mortgage lenders are beginning to see certain warning signs, including lower profit margins. “Profits are definitely tightening,” said Chuck Mueller, president and CEO of Fidelity Bank, Edina, MN, a one-branch bank whose forte is warehouse lending. Some executives note...[Includes one data chart]

The publicly traded REIT is jumping into the jumbo MBS market with its first deal. Many of the loans come from nonbanks.

Any private label mortgage seized through the use of eminent domain will not be eligible for FHA coverage, HUD hints in a new letter.

The IG's evaluation survey found that the total cumulative voluntary attrition rate at Fannie’s capital markets group “increased somewhat” from January 2010 through 2012.

The market did not react kindly to PennyMac's announcement about selling more shares of common stock.