“There’s a lot of 60- and 70-year old mortgage managers out there.”

SunTrust wouldn’t comment on the charge other than to note that the issue has been previously disclosed.

Are recent graduates of business schools avoiding the mortgage industry?

The share of lenders reporting a decreased profit margin outlook over the next three months appears to have remained relatively stable.

The CMC believes that servicers should not be required to verify flood insurance coverage on existing loans when the escrow option becomes effective.

PennyMac Commercial will focus on mortgages of under $10 million.

However, originations aren’t expected to spike in 2015 due to a number of factors, including tight underwriting standards.

Wells Fargo and JPMorgan Chase increased their first-lien holdings compared to 3Q 2013 while Bank of America and Citigroup experienced a decline.

The new jumbo MBS from Five Oaks includes representations and warranties that do not sunset.

We continue to hear reports about a new player in the warehouse lending space that is offering attractive borrowing rates that appear too good to be true.