Added MBA’s Walsh: “On the servicing side of the business, mortgage servicing impairments resulting from December’s drop in interest rates hurt profitability.”

Usually, mortgage banking is a counter-cyclical business, but not always...

Two nonbanks that have been steady earners reported significant losses during the fourth quarter…

In Ohio, a passive investor must obtain what’s called a residential mortgage lending certificate of approval.

And that means: two more years of hyper-partisan bickering on both sides and legislation only getting passed if there’s a bi-partisan consensus or a national emergency...

The bureau plans to extend the terms of half the current members in order to achieve the staggered terms and ensure continuity.

The only soft spot was in the servicing for non-agency mortgage-backed securities…

Based on Freddie’s annual profits, CEO Don Layton is probably one of the two most underpaid bosses in the world of finance. Soon that distinction will belong to David Brickman...

Wells Fargo, JPMorgan Chase and Bank of America had a combined jumbo servicing market share of 61.4% at yearend, according to figures compiled by Inside Nonconforming Markets…

The servicing package has an average FICO score of 740 and delinquencies of 1.94%.