Mortgage Bankers Association President Bob Broeksmit decried the proposed higher capital requirements for large banks at an MBA conference.

The lawsuit focused on whether $75 million of deferred principal payments owed by borrowers who had entered into loan modification programs following the 2008 financial crisis should factor into the clean-up call price of MBS held by Deutsche Bank.

Mortgage Bankers Association President and CEO Bob Broeksmit said the proposed capital requirements don't address the reasons banks failed earlier this year.

A record number of homeowners are turning to HELOCs to perform renovations on their properties or paydown credit card debt.

Lenders are entering cost-cutting mode and looking to leverage new technologies to lower overhead while streamlining operations.

Non-qualified mortgage lenders are increasingly opting for whole-loan sales given the demand from insurance companies, among others.

A court ruling in California may have far-reaching consequences for the way non-agency MBS clean-up call prices are calculated.

Shellpoint handled servicing on $3.10 billion in non-agency MBS issued in the second quarter of this year, a 33.2% decline from the previous quarter.

Mortgages in the new non-QM MBS from Change have seasoned for an average of just one month.

While curtailing lending can help banks conserve capital, Moody’s Investors Service warned that the strategy could backfire.