In other words, mortgage banking is now supposed to be a “sure thing” where no one – and we do mean no one – takes on risk or fails. Ever.

It's unclear what exactly Leslie Peeler will do at IBM Mortgage. The tech giant rarely says anything about its mortgage division.

Just how large is the non-QM market? That’s hard to say...

Hell hath no fury like an agency whose new issuers are not actually issuing (MBS)...

It appears that Ethos Lending will enter the non-QM market come October...

Why short Altisource? This source reasons that as real estate values continue to improve and foreclosures slow, Altisource will have less to do going forward...

Commercial banks hate mortgages. No, they don't. Yes, they do. No they don't. Yes, they do...

The MBA argued that the DOL didn’t follow rulemaking procedures in 2010 when the regulator withdrew guidance stating that loan officers could be exempt from overtime compensation requirements...

Roughly 40 to 50 percent of Citadel's production goes on its balance sheet.

The U.S. Supreme Court is set to hear cases in its coming term regarding guidance issued by the Department of Labor involving overtime pay for loan officers. Oral arguments are scheduled for Dec. 1, and a decision is expected by June. The cases are Perez v. Mortgage Bankers Association and Nickols v. Mortgage Bankers Association. The MBA has argued that the DOL didn’t follow rulemaking procedures in 2010 when the regulator withdrew guidance stating that loan officers could be exempt from overtime compensation requirements under the Fair Labor Standards Act. Lenders have received...