Some banks have reclassified mortgage loan officer duties as a way to avoid paying overtime, IMFnews was told.

In a development of keen interest to mortgage loan officers, a federal judge in Texas this week granted states’ motion to block the Department of Labor’s controversial overtime pay final rule set to take effect on Dec. 1, 2016.

Through three quarters this year, Quicken Loans was the top lender of FHA mortgages and Freedom Mortgage was the top VA mortgage originator.

The MBA is considering its options to appeal the FTC's decision regarding the trade group's request for a mortgage-servicing exemption under the Telephone Consumer Protection Act.

HUD officials attributed the strong audit results to a much improved single-family forward portfolio…

Deutsche Bank Securities said there’s been no new information to alter its view that the MIP would be cut this year. “However, we seem to be in the minority,” said research analyst Jeana Curro.

HUD has eased condo requirements, effective immediately. Lenders and Realtors start your engines…

Ginnie Mae President Ted Tozer noted that investor participation “depends, in part, on a level of confidence that investment returns can be expected to be reasonably aligned with market conditions.”

Ginnie Mae this week announced a policy change to ease investor fears about the rapid streamline refinancing of some loans in Ginnie I mortgage-backed securities pools and the effect of faster prepayments on mortgage securities investments.

Of the top five mitigated findings, two were related to borrower assets, two were about documentation and one about borrower credit.