Michael Lau, the man who helped Phoenix Capital corral Bank of America as a client, has purchased his own mortgage banking firm.

Stearns Lending, one of the fastest growing servicers in the U.S., has hired a new manager to help it with servicing acquisitions.

Although Flagstar earned money on its mortgage business in the first quarter, its gain-on-sale margin took a major hit.

Residential lenders can rest easy: the GSEs aren't about to hike their net worth minimums. Also: the CFPB shows some love to banks.

The jumbo market is heating up, which means the price paid for whole loans is on the rise.

Vericrest Financial is said to be the winning bidder on a $16 billion package of mortgage servicing rights. However, the company would not comment.

Obtaining approvals to become a GSE seller/servicer can cost you, but think of the money you can make from owning servicing rights.

The Basel III accords may never happen, but if they do, some large servicers will have to reduce their MSR footprint.

Navy Federal, which is headquartered in one of the hottest housing markets in the nation, saw residential fundings almost double in the first quarter.

Want to buy the subordinated tranche of a new jumbo MBS deal? Take a number and stand in line.