Industry consultant Joe Garrett, in a new company newsletter, says he’s still bothered that “so few mortgage companies” don’t have budgets.

This year, nonprime production across the U.S. might top $3 billion to $4 billion at best. At its peak last decade, it was a $1 trillion a year business. That’s not a misprint…

Will he or won't he? We may know in September...

The U.S. Court of Appeals for the Ninth Circuit recently held that mortgage underwriters are not “administrative employees” and, therefore, not exempt from the overtime protections of the Fair Labor Standards Act. The court’s ruling in McKeen-Chaplin v. Provident Savings Bank overturned a lower court decision and deepened a split among the circuit courts on whether certain employees of mortgage companies qualify for overtime pay. Given the conflicting circuit court opinions, attorneys are...

It’s safe to say that CFPB Director Richard Cordray has been one of the most controversial financial regulators to work in Washington, D.C. for quite some time...

Citadel Servicing Corp., Irvine, CA, is also looking for a correspondent sales rep for the East Coast...

Morningstar said the ratings were discontinued due to a request from Ocwen...

The GOP legal analysis asserts that Cordray failed to satisfy subpoenas the committee issued for agency records…

According to industry officials who claim to have knowledge of the matter, Kittle is still the top pick, but...

Among residential lenders in a hiring/growth mode is Movement Mortgage...