Although the settlement has been filed and agreed to by PNC, it still requires court approval.

A handful of firms say they are still aggressively recruiting residential loan officers who have a solid background in purchase-money lending – that is, sales professionals with deep ties to Realtors and home builders.

Also note that the ATR rule provides additional flexibility to small lenders in that the safe harbor has been expanded to 3.5 percent over the average prime offer rate.

A few months back top executives at RFC denied to Inside Mortgage Finance that a sale was in the works.

Issuance of jumbo MBS was strong in 2013 until interest rates started to rise in May due to concerns that the Federal Reserve was set to taper its stimulus efforts.

Will departing FHFA chief Ed DeMarco go work for a hedge fund? Stranger things have happened.

Mel Watt said he will formally announce the delay in higher LLPAs and g-fees after he is sworn in on Jan. 6, the same day he will resign his House seat.

According to calculations from Inside Mortgage Finance, some counties will see the limit fall to $271,050. “At the very least FHA should allow for a phase-in period,” said one industry lobbyist.

As an industry, banks assigned a fair-market value of $48.4 billion to their mortgage servicing rights, according to figures compiled by Inside Mortgage Trends.

Fannie Mae will take a closer look at transfers to subservicers. The Federal Housing Finance Agency settled a non-agency MBS lawsuit with Deutsche Bank.