As one JPM competitor noted: “It’s no surprise that correspondent led the way for them. They own the correspondent jumbo market.”

According to a rate sheet, the minimum loan amount on the rental properties is $250,000 while the minimum number of properties is five...

Moody’s found that completed foreclosures for bank-serviced loans in Florida averaged 1,077 days or three years...

Bank returns on mortgage activities turned sharply negative during the recession of 2007 through 2009 before rebounding and becoming consistently positive by early 2011.

The company said it has an opportunity to “disrupt the market and gain share” by displacing incumbent participants and addressing unmet demand.

U.S. Mortgage Insurers is close to presenting proof of concept involving “deep cover” mortgage insurance to policymakers.

“The issues that have impeded the regulators’ ability to conduct electronic examinations must be rectified, and when resolved, will enable a more efficient and timely regulatory process,” said Karyn Tierney, chair of the MMC.

The former CFPB official said non-W-2 borrowers – like the self-employed, retirees and people with seasonal income – account for 30 to 40 percent of applicants for jumbo mortgages...

HLSS also misstated its net income in 2012, 2013 and the first quarter of 2014.

Not only are Fannie Mae and Freddie Mac spending more money than they were a few years ago, but their proposed budgets are being submitted late, says the IG.