The bloodletting in Bank of America's servicing division continued this month with the megabank giving pink slips to hundreds of workers.

We continue to hear plenty of talk about mortgage mergers and acquisitions with deal announcements likely to come between early July and late August.

What does the future hold for the hedge fund-owned Prospect Mortgage?

We talked a handful of wholesalers and were told the figure is much lower – in the range of 2.2 percent to 2.5 percent. Broker-sourced loans account for less than 10 percent of all loans funded today,

Will an increase in non-QM lending arrive in time to bolster the mortgage industry?

It is unclear exactly when Jay Memmott left Seterus.

The Financial Stability Oversight Council of the Treasury Department has its eye on the rapidly growing market presence of nonbank servicers such as Ocwen, Nationstar Mortgage and Walter Investment Management.

Sources tell IMFnews that the Federal Housing Finance Agency is looking into the matter and is promoting the idea of capital minimums for nonbanks that do business with Fannie Mae and Freddie Mac.

He may know how to run a decent race, but does economics professor David Brat – the man who beat Rep. Eric Cantor in the GOP primary in Virginia – know the history of the mortgage meltdown?

Norcom wants its wholesale account executives to be in the office, not traveling the roads.