Lenders make adjustments to staffing levels based on demand for purchase mortgages while demand for refinances spur little increase in mortgage employment levels, according to new research from staff at the Federal Reserve. Steve Sharpe, an economist at the Fed, and Shane Sherlund, an assistant director at the Fed, said mortgage processing capacity constraints caused by refi booms reduce originations to borrowers with low to modest credit scores ...

Gebre was Galante’s temporary replacement. Until a recent cut in premiums, FHA volume has been steadily dropping.

Although RoundPoint isn’t taking any questions regarding a possible sale of the company, it recently published a statement regarding its co-issuance and subservicing businesses.

As loan quality improves, it endangers the job prospects for "high-touch" servicing specialists.

Interactive Mortgage Advisors is working on several servicing transactions totaling about $20 billion in product. But the receivables are being offered through private negotiation only...

The captive insurer is owned by a REIT, a spokeswoman for the district bank said, but declined to name either.

This mortgage manager estimates a “good” LO works 50 to 70 hours a week…

Despite the potential seriousness of the allegations, the CFPB did not identify any lenders by name.

Real estate agents have significant influence when it comes to which lender a homebuyer will choose, according to new research by Campbell Surveys, based on a national survey sponsored byInside Mortgage Finance Publications. Tom Popik, research director of Campbell Surveys, said real estate agents recommend specific mortgage providers for 55 percent of their mortgage-financed transactions, on average. When agents recommend mortgage providers, homebuyers use one of the recommended mortgage providers 68 percent of the time, on average. “We can therefore impute...

Subservicing vendors increased their contracts by 23.1 percent in terms of dollar volume over the past year and now process an estimated $1.12 trillion of home mortgages, according to exclusive survey figures compiled by Inside Mortgage Finance. When it comes to market share, subservicers control 12.3 percent of all U.S. housing receivables. According to interviews with industry executives, compliance costs are...[Includes one data chart]