The MBA argued that the DOL didn’t follow rulemaking procedures in 2010 when the regulator withdrew guidance stating that loan officers could be exempt from overtime compensation requirements...

On its stated-income product, Homewood requires a minimum of three months of bank statements for both business and personal assets.

Some mortgage executives told us privately that residential originations could fall by 20 percent year.

The loan is available in California, Florida, Hawaii and New Jersey, and is slated to be expanded to other states.

Two other major contributors to the deal, George Mason Mortgage and American Pacific Mortgage, are retail-only shops.

Among the four largest holders of first liens, only Bank of America decreased its portfolio in the second quarter.

Is it time to sell shares in Fannie Mae and Freddie Mac?

CitiMortgage performed the worst on the assessment of non-agency HAMP activity for the second quarter of 2014, with the Treasury claiming that the servicer needs to make substantial improvements.

The top contributor to the new Redwood jumbo MBS is First Republic Bank with an 18.2 percent market share.

In an environment with limited jumbo originations, the transaction gives Chimera access to a large amount of seasoned residential mortgages that can be securitized into new investments.