Origination

The giant lender reports higher gain-on-sale margins and servicing income.

Real estate portfolios helped boost net mortgage banking income in the fourth quarter of 2013 when it reduced more headcount to offset declining origination volumes.

The chief economist sees little pickup in purchase mortgage lending.

Revenue exceeded spending by $53 billion last month, compared with a $1.2 billion deficit in December 2012, the Treasury Department said.

Jan. 10 has brought nine tough new servicing rules from the Consumer Financial Protection Bureau.

The bank hires Dan Smith, formerly of BrightPath Mortgage, to run this business.

In order to put the flood of government-related mortgage litigation behind them, banks will be forced to increase their litigation reserves.

The investor says by its calculations the unsolicited bid is too low by at least $1 per share.

While compliance has been properly viewed by most as merely a cost for lenders, it may very well become an investment critical to engaging in the most profitable form of lending.

Aggregate 30- and 15-year conventional prepayment speeds in December were up from the previous month but by less than expected, and Ginnie Mae speeds also were slower than anticipated.