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New residential loan applications declined 8.7% on a seasonally adjusted basis for the week ending June 19, according to figures released Wednesday morning by the Mortgage Bankers Association. (On an adjusted basis, new business fell 9.0%.) The reading from the previous week: Up 8.0%...

One CEO who helms a mid-sized nonbank based in the Southeast said his company is looking at record originations for June and believes the industry might have a record month as well. He did not want to be quoted by name…

Impac Mortgage Holdings is set to release first quarter earnings this Friday, June 26. A bit late, yes…

More non-QM MBS deals continue to hit the market: A $355.7 million security from Western Asset Mortgage Capital and a $126.5 million transaction from Verus Mortgage Capital. Both came to light Tuesday…

Caliber Home Loans agreed to a settlement with the New York Attorney General on Tuesday regarding the servicer’s loan modification practices. The NYAG faulted Caliber for offering short-term loan modifications, including some with interest-only features that could prompt higher monthly loan payments for the borrower after two to five years. The settlement could result in up to $17 million in loan forgiveness for borrowers in the state.

CFPB UPDATE: Consumer advocacy groups asked a federal court to force the Consumer Financial Protection Bureau to revoke the charter of its task force on consumer financial laws and prevent Director Kathy Kraninger from relying on its recommendations. The National Association of Consumer Advocates, the U.S. Public Interest Research Group, and consumer law expert Kathleen Engel in a joint petition alleged the task force does not serve a public interest and has violated the Federal Advisory Committee Act by operating behind closed doors. The five-member panel, created in October, is chaired by longtime CFPB critic Todd Zywicki, a law professor at George Mason University. Consumer groups believe the task force is full of industry advocates. For more on the story, see Inside the CFPB, now available online.

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