Consultant David Lykken said some mortgage bankers believe LO comp is “untouchable,” but he strongly disagrees…

The American Bankers Association argues the CFPB should acknowledge the bureau is bound by the guidance it issues…

One slide in the GSE presentation is entitled, “The Blob and the Return of the Blob,” a reference to the horror movie classics of the late 1950s…

The table-funding sector may be a shadow of its former self, but the man who founded and heads the nation’s only publicly traded mortgage brokerage firm took home $59.6 million in total compensation last year, according to a new tally from Inside Mortgage Finance. [Includes one data chart.]

The Fed report focused on the origination of FHA mortgages, which are generally more risky than loans eligible for sale to GSEs…

Under the Economic Growth, Regulatory Relief and Consumer Protection Act, banks with less than $10 billion in assets can receive QM treatment for certain loans...

FHA Commissioner Brian Montgomery on risk-sharing with private MI firms: Not an immediate concern…

Roughly 44.6 percent of the loans were underwritten with alternative documentation or bank statements…

But there’s a catch for lenders: Originators will have to pay an additional loan-level price adjustment…

Home Point Financial, Ann Arbor, MI, said it will “transition” some of its East Coast retail branches to Northpointe Bank...