Sen. Jeff Merkley, D-OR, is continuing his pursuit to expand the Home Affordable Refinance Program to non-agency borrowers.

Wells Fargo blames regulations for ending its mortgage JVs. Meanwhile, how did the CFPB unearth its information on 'up-selling' at Castle & Cook?

If anything, the second quarter might be remembered as a period in which banks hiked their MSR values significantly.

When it comes to guaranty fees, FHFA has taken "meaningful steps" to level the playing field for community lenders, one agency official testified this week.

The Federal Reserve expects to take further action on mortgage risk retention rules in September.

In particular, mortgage industry professionals are focused on third-party-paid charges and seller-paid points in the QM rule.

Although Wells Fargo promised some JVs that everything was "fine" earlier in the year, the megabank is now exiting the joint venture space.

Some of the nation’s largest banks – including Bank of America, JPMorgan Chase and Wells Fargo – have begun cutting mortgage production workers as refi applications decline. But it remains to be seen just how many of the 215,000 full-time mortgage-related positions – excluding loan brokers – will see pink slips over the rest of the year. “What we’re seeing is a natural outcome of contraction as the market slips and changes to a purchase business,” said Dave Stevens, president of the Mortgage Bankers Association. He declined to give any job cut estimates, but predicted that residential lenders of all different charters and types will move to “right-size their organizations.” Some bearish industry officials believe...

FHA chief Carol Galante expressed concern about the absence of any provision in the bill that would ensure servicer accountability for their performance.

The MSR market continues to percolate with two new deals from Interactive Mortgage Advisors.