According to one deal-maker, after a merger, anywhere between 30 percent to 40 percent of a company’s LOs might choose to leave.

FHFA Principal Reduction Pilot Program. A bill filed by Sen. Robert Menendez, D-NJ, before Congress left town last month would create a shared-appreciation mortgage program in which banks would reduce the mortgage principal for eligible underwater homeowners. Under the Preserving American Homeownership Act, S. 2854, the pilot programs – to be established by the Federal Housing Finance Agency and the FHA – would entitle banks to a portion of the increased value of the home when the market improves.

Mutual of Omaha bank said it remains "committed" to the mortgage business, even though it's closing the retail channel.

So, is now a good time to buy into Fannie Mae and Freddie Mac? It's a game not for the faint of heart.

Investors have been scratching their heads over the downdraft at Walter/Green Tree...

One active NPL bidder has been Lone Star Funds, but sources tell IMFnews the hedge fund has been having a “brain drain” of sorts when it comes to talent.

In other words, mortgage banking is now supposed to be a “sure thing” where no one – and we do mean no one – takes on risk or fails. Ever.

It's unclear what exactly Leslie Peeler will do at IBM Mortgage. The tech giant rarely says anything about its mortgage division.

Just how large is the non-QM market? That’s hard to say...

Hell hath no fury like an agency whose new issuers are not actually issuing (MBS)...