Tonkel was a top executive at Friedman, Billings Ramsey, which took many a REIT public in the 2000s.

The Utah-based specialty servicer became the property of UBS during the recent bank liquidity crisis.

Interest rates go up again, mortgage applications go down again.

A reduction in the commingle fee that applies to the GSEs helped to increase such issuance somewhat in April.

Trade groups endorsing the legislation include the American Bankers Association and the Securities Industry and Financial Markets Association.

MBA Chief Economist Mike Fratantoni cautioned that mortgage originations could face ongoing pressure tied to issues with banks.

The New York Department of Financial Services said OneMain failed to effectively manage user access privileges, improperly managed security policies for software development and failed to conduct due diligence for certain third-party vendors.

Minnesota becomes the fifth state to adopt the CSBS's model framework for nonbank prudential standards...

Wells reported just $980 million in correspondent production in the first quarter, effectively leaving about $4.5 billion on the table for others.

The depository institution started offering mortgages in 1952.