FirstKey Mortgage is expected to issue a MBS of closed-end second-lien loans amid growing demand for the product.

The Consumer Financial Services Association of America said courts have “ample means” to protect the mortgage market if the CFPB is found to be unconstitutional.

Officials at Western Alliance Bank stressed that the bank worked to get back to "normal" in the second quarter.

Several usually active issuers had no issuance in the second quarter, including Angelo Gordon, Ellington Financial REIT and Redwood Trust.

At June 30, BofA held $228.8 billion of first-lien residential mortgages on its books. The average yield: 2.98%...

HUD proposed applying certain requirements for approved FHA lenders/servicers to entities that invest in FHA mortgages.

The budget proposal would eliminate several HUD programs and makes deep cuts to others.

FirstBank's mortgage division generated small profits in May and June.

Up until the subprime crisis, Mozilo was one of the most admired and well-respected residential lending executives in the nation.

The FTC recently delayed an evidentiary hearing regarding the planned merger...