Five different nonbank lenders were asked by Inside Mortgage Finance to name the slowest states in terms of approval times. All cited New York as being among the worst.

The M&A rumor mill continues to spit out names. An offering book is circulating on CashCall and at least one other shop, IMF has learned.

The latest Bexil American Mortgage officer to leave is Jay Fuller, who held the title of national sales manager.

At press time, CashCall founder and president Paul Reddam could not be reached for comment.

Freddie Mac's low activity fee could add more than $2 million to its bottom line.

When interest rates rise, so do the value of mortgage servicing rights.

Will cash-out refinancings ever return? Meanwhile, a new petition posted on the White House website that might helps GSE shareholders is taking off.

In its 10-Q filing for the first quarter, Fannie Mae reported $3.74 billion of “gross unrealized gains” on a host of different securities in its “available for sale” account.

The National Association of Independent Housing Professionals believes there is an anti-broker bias at the CFPB, citing new QM adjustments.

Nationstar Mortgage has been an active issuer of debt this year. The nonbank continues to scour the market for servicing acquisitions.