“While originations to-date have been nominal, we expect a ramp-up production from here as we continue to increase marketing and consumer awareness of the Ally Home offering,” Christopher Halmy said.

A number of lenders have experienced a sharp decline in refinance volume without a meaningful increase in purchase-mortgage originations, according to Jonathan Corr, president and CEO of Ellie Mae.

GSEs Hand Off More Than $5 Billion in Credit Risk.

Industry Wants Private Flood Insurance Accepted.

More Fixes to the CFPB's TRID are in Order.

Fed Says Refi Ads Can be Made More Effective.

Look to a new CFPB director to make complaint data confidential

Newfi Lending Booms/Home Prices Keep Rising/Homeowners Who Sell See Gains

The House Financial Services Committee agreed to make key changes to flood insurance reform legislation clearing the way for industry groups to endorse the bill. The committee’s most recent draft includes provisions that would retain “grandfathering,” a policy that protects policyholders from significant rate increases when the Federal Emergency Management Agency periodically revises its flood maps, and allow federal flood insurance coverage of new homes built in 100-year floodplains. The committee also proposes...

It looks like Flagstar won't be the only bank to issue jumbo mortgage-backed securities.