In after-hours trading Wednesday, its share price was down 20 percent to $2.25.

A spokesman for BofA declined to provide any color on the mark, but provided a link to past financial filings where the bank talks about its hedging activities which are based on “model and other cash flow” assumptions.

Warehouse consultant Larry Charbonneau noted that he knows of at least two new entrants to the business.

One industry consultant warns that when times are good, mortgage banking income can “turbocharge” earnings but...

“Investors are taking the conservative approach,” said the Morrison & Foerster attorney. “No one wants to be the test case. They’re all worried about what a court might say.”

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

NAR voiced its dismay that some mortgage bankers are making it difficult for Realtors to obtain a copy of the closing disclosure form or CD...

Here's a product idea: hit a button on your cell phone and get foreclosed on...

It’s expected that Blackstone/Finance of America will target borrowers who are self-employed and have a harder time qualifying for conventional mortgages.

To date, Mid America has bought roughly $115 million worth of product with TRID errors...