In the end, the residential originator is ceding less authority to the closing agent...

Although Fannie Mae is poised to begin auctioning off some of its nonperforming mortgages, the market continues to be dominated by smaller deals.

Moreover, it is unclear how much enforcement power Edward Golding can wield.

As one Ocwen source told us: It’s on “indefinite” hold…

If preapproval letters from certain lenders are routinely unreliable, real estate agents tend to suggest that homebuyers apply for a mortgage with a different lender, according to new research by Campbell Surveys, based on a national survey sponsored by Inside Mortgage Finance Publications. “Agents are sometimes skeptical of mortgage providers selected without their consultation,” said Tom Popik, research director of Campbell Surveys. Before working with a potential homebuyer, real estate agents largely prefer...

Former Fannie Mae CEO Daniel Mudd testified Tuesday in a civil trial over losses the GSE suffered on nonprime MBS...

Reliance recently was approved for credit by a Wall Street wholesale lender that does 10 percent down, no-mortgage insurance loans...

Glenview is bullish on Ocwen but it also owns a large stake in the nonbank...

Is it possible that Ocwen will sell the entire company and not just all of its agency servicing rights?

Lenders make adjustments to staffing levels based on demand for purchase mortgages while demand for refinances spur little increase in mortgage employment levels, according to new research from staff at the Federal Reserve. Steve Sharpe, an economist at the Fed, and Shane Sherlund, an assistant director at the Fed, said mortgage processing capacity constraints caused by refi booms reduce originations to borrowers with low to modest credit scores ...