The Association of Mortgage Professionals, which represents mortgage brokers, said it believes the measure will dilute states’ rights to protect consumers.

Is the end near for servicing writedowns? Hedging marks?

Lenders and mortgage brokers are at odds over a House bill that would make it easier for loan originators to leave jobs at depository institutions and go to work for nonbank lenders. The Mortgage Bankers Association is pushing for a vote in the House on H.R. 2121, the SAFE Transitional Licensing Act of 2015. The bill was approved by the House Financial Services Committee in March on a 56-0 vote. The unanimous bipartisan support for the bill was fairly rare and suggested strong prospects for the legislation to move forward. However, a vote in the House has yet...

Was the TRID mess overblown? Tell that to all the mortgage firms that lost money on deals...

Blackstone continues to expand its presence in the mortgage industry on several fronts. In late January, it bought Interactive Mortgage Advisors, a Denver-based servicing advisory firm.

Altavera chief Brian Simons said staffing requests suggest the industry is preparing for an increase in non-QM business.

Then again, I’ve talked to recruiters who believe that good LOs are worth every nickel as long as they bring in the business.

First Republic, which lends to the affluent, earned $148.87 million in the first quarter of 2016, up 6.3 percent from the previous period...

Would you lend money to your relatives? One mortgage firm has made it a business model...

Wells Fargo spokesman Tom Goyda called FHA lending an “important tool” for the bank.