The $1 million cap is grandfathered and will only affect loans taken out after enactment of the bill...

“There was no drama surrounding this meeting of the FOMC,” said Michael Fratantoni, chief economist for the Mortgage Bankers Association.

No immediate successor to Ashmore was named, but whoever the person is they will have to deal with a slumping revenue picture…

Ocwen will not be sold through a stock deal, but Nationstar could be...

Meanwhile, the indicators point to a drop in production volume for the fourth quarter…

Brian Vieaux, a senior vice president of third-party originations, said loan brokers are an “extension” of Flagstar’s reach through the retail channel.

Fannie Mae CEO Timothy Mayopoulos added: “Damage from the storms will be with us for a long time.”

The only top-five servicer to report an increase in volume was Nationstar Mortgage...

Through the first nine months of the year, Fannie has posted impressive net earnings of $9.02 billion.

The loss would have been worse if not for a one-time tax benefit of $23.2 million…