Some of the nation's largest home lenders are beginning to cut mortgage workers as refinancing applications swoon.

Loan applications are strong at Citadel, a newly launched nonprime lender. HUD goes on furlough for a day.

Not only are nonperforming residential mortgages being placed into new securities, but so are re-performing loans.

Flagstar hopes to unload $30 billion in residential servicing rights, but is contemplating selling even more in the way of MSRs.

Three years ago Cole Taylor Bank had no presence in the mortgage market until Willie Newman joined the bank and started a residential division.

Nationstar and Ocwen get poor servicing grades from J.D. Power & Associates. Meanwhile, Rep. Mel Watt headed to FHFA? Not so fast...

Banks have a strong track record on obtaining Ginnie Mae approvals, nonbanks not so much.

Bank of America's mortgage business continued to recover in the second quarter, but its rep and warranties exposure remained high at $16.64 billion.

Is the great refi wave just about over?

Nationstar Mortgage is issuing $250 million of debt, hinting that it may buy more MSRs from Bank of America.