Flagstar's production and profit margins declined in the fourth quarter, though the bank increased MSR sales and warehouse lending...

For instance, Wells’ housing receivables fell 19.4% over the past 12 months.

The government MI is waiving a section in the handbook that reads, “Non-US citizens without lawful residency in the U.S. are not eligible for FHA-insured mortgages.”

According to figures compiled by the U.S. Bureau of Labor Statistics, loan brokerage firms now employ 109,800 full-timers...

Mortgage banking earnings fell to $478 million at the Minneapolis-based bank from $543 million in the third quarter...

Chase is set to issue one of the largest post-2010 prime non-agency MBS with new production while Credit Suisse has a smaller non-QM deal with somewhat seasoned mortgages.

Some $7.29 billion of non-agency MBS was issued during the fourth quarter, down 41.5% on a sequential basis.

To the surprise of some, the program wasn’t heavily used by nonbank MBS issuers...

BofA, which ranked 10^th in Inside Mortgage Finance’s third quarter ranking, funds loans through only one channel: retail. Home-equity lending also took a hit: $469.0 million compared to $984.0 million in the third quarter.

Loan application activity is typically slow in early January following the holidays. Not this year, according to officials at Wells and PCMA.