The Consumer Financial Protection Bureau and Department of Justice sued a Texas land developer and a nonbank mortgage firm for allegedly targeting Hispanic consumers with false claims about land lots and churning borrowers through foreclosure cycles.

The prepayment characteristics of small-balance mortgages make them attractive to agency MBS investors.

It's the third securitization from JPMorgan Chase this year with HELOCs from nonbanks.

Homes in 88% of metropolitan statistical areas in the country are overvalued, according to Fitch Ratings.

The retail channel lost share to the correspondent and broker channels in the jumbo market in the third quarter.

Headquartered in Lake Zurich, IL, Dovenmuehle did not return media inquiries on the matter.

Applications for purchase mortgages for new homes were up in November while total purchase-mortgage application volume was down on an annual basis.

Total Ginnie assets stood at $60.2 billion as of the end of September, up from $39.5 billion a year earlier. And liabilities increased from $9.7 billion to $29.4 billion.

Loan applications declined even as interest rates came down further.

FHA's share of the FHA/VA market hit 61.5% in the third quarter, the highest level in at least 10 years.