CashCall, a refi specialist that sells most of its production to Fannie Mae, is shedding a large chunk of its staff.

A few years ago, industry veteran Bill Dallas wasn't so crazy about loan brokers. But he has apparently changed his mind.

At least two young mortgage insurance firms hope to go public by yearend. But how might the market receive these deals with so much uncertainty surrounding the GSEs?

When in doubt, use the whole loan market. Shellpoint Partners is giving up, for now, trying to issue a jumbo MBS.

FHA mortgages were used to finance 22 percent of home purchases in September, based on the three-month moving average.

Addressing the annual convention of the American Bankers Association, the CFPB chief stressed that his agency is proceeding full speed ahead with the January implementation of its mortgage rules.

Previously, speculation has ranged from January 1 to June 30. Mortgage bankers told Inside Mortgage Finance that whatever the FHFA decides on an implementation date, it had better do so soon.

One mortgage recruiter noted that job losses in somewhat rural communities can be a big problem for workers. “Sometimes they’re the largest employer in town and there’s nowhere else to go,” he said.

Thanks to the government shutdown, the FHA backlog includes processing endorsements for home-equity conversion mortgages.

Meanwhile, sources told Inside Mortgage Finance that the FHFA is looking to extract several billion dollars from Bank of America to settle claims that its Countrywide Financial division sold the GSEs toxic MBS.