As anticipated, Wells suffered from stiffer competition on the home front and saw its gain-on-sale margins get clipped. However, mortgage sales revenue was bolstered by Ginnie Mae buyout activity...

On a sequential basis, home lending revenue came in at $1.35 billion, a 7.4% decline from the first quarter.

Ginnie has been working on the change in requirements for well over a year...

“You can cut people in five minutes but if you need to rehire them, you’re going to have a tough time getting them back,” said industry consultant Paul Hindman.

ORIX, now operating as Lument, serviced $21.22 billion of GNMA multifamily MBS at the end of May, or 15.5% of the market...

A stampede to sell MSRs in the third quarter? That's what the dealmakers are expecting...

The sale of the Champion Mortgage reverse mortgage servicing portfolio allows Mr. Cooper to focus on its core business and improve profitability.

Annual home price appreciation in May hit a level last seen in 2005...

Hell hath no fury like a shareholder who's sitting in a pool of red ink. Then again, the mortgage industry has seen these type of lawsuits before...