The Trump administration plans to issue a request for information (RFI) regarding a Department of Labor final rule currently on hold that would raise the annual salary threshold for employee exemption from overtime pay. Testifying before the House Committee on Appropriations last week, Labor Secretary Alexander Acosta said the proposed RFI would seek public comment regarding the economic or anticipated impact of raising the annual salary requirement for overtime exemption from the current $23,660 to $47,476, as the previous administration had proposed. The Obama administration issued...

In the first quarter, Amerihome Mortgage had the largest sequential growth rate in USDA lending.

The Ginnie MSR market has been in the tank the past two years, but has revived somewhat this spring…

One bright spot consists of Japanese investors, which are showing strong growth in dollar-dominated bond holdings…

Walter’s warehouse providers include Wells Fargo and Credit Suisse, among others.

Last year, SoFi received approval to become a Fannie Mae seller/servicer.

And a business plan is born: lending money to real estate agents...

The Treasury Department says it’s possible that originations are being stifled by caps on points and fees charged to borrowers.

The industry is concerned the CFPB rule has the potential to put servicers smack-dab in the middle of some nasty family disputes…

American Advisors Group continued to dominate the HECM market, funding $691.0 million of reverse mortgages…