HUD's Neighborhood Watch system is down, but this cabinet level agency has no explanations for the press or public

Some lenders, such as PennyMac, have promoted the no-downpayment feature in their media advertisements.

About three years ago, some investors – private equity firms and hedge funds in particular – started purchasing NPLs as a cheaper alternative to buying foreclosed homes.

A spokeswoman for Wells noted that loan volumes for closed-end seconds “was a small percentage of our business.”

If rates continue to head south it could result in large hedging losses and markdowns on mortgage servicing rights.

This just in: Wells Fargo mortgage chief Mike Heid to step down...

First Tennessee has 172 warehouse customers, compared to 160 a year ago.

Both parties, to date, have declined to discuss the situation.

The Blackstone Group has finally lifted the 'cone of silence' on its acquisition of mortgage lenders. But will it disclose origination figures?

Walter, the parent of Green Tree Servicing, also marked up the fair value of its servicing portfolio by $59.3 million.