The changes allow eligible non-borrowing spouses with older Home-Equity Conversion Mortgages the potential to remain in their home following the death of the last surviving HECM borrower.

The VA maintained a sizeable lead in first-lien mortgage refinancing over FHA and private mortgage insurers in the first quarter of 2015 but yielded to both in purchase originations.

The slowdown in securitization is partly due to the lag between origination and MBS issuance, but there are other factors not related to timing...

Some 90 lenders contributed mortgages to the Redwood MBS, led by First Republic Bank with an 11.7 percent share.

Lenders provided a few constructive suggestions while voicing frustration regarding state regulators’ data collection efforts.

Following a four-month trial and nine days of deliberations, a New York jury acquitted Abacus and two of its senior officers...

JPMorgan Chase recently won in a long-running lawsuit with Deutsche Bank, limiting potential liabilities it inherited from purchasing the embattled Washington Mutual in 2008 at the behest of federal banking regulators. U.S. District Court Judge Rosemary Collyer in Washington, DC, ordered that liabilities for representation-and-warranty breaches be split between JPMorgan and WaMu Mortgage Securities Corp. The judge decided that JPMorgan would be liable only to the extent that the liabilities were on WaMu’s books as of Sept. 25, 2008. The remaining liabilities would remain at WaMu. Only a short order was released...

So where is the non-QM business going? Unless, you’re talking non-QM jumbos, it’s safe to say nowhere fast...

CFPB Director Richard Cordray overrode a $6.4 million penalty set by an ALJ in the matter and ordered PHH to pay $109.2 million...

Banks, thrifts and credit unions reported a slight uptick in the amount of unused HELOC commitments compared to the end of last year.