Lenders are not liable for a servicer’s failure to comply with the Real Estate Settlement Procedures Act, according to a recent ruling by the U.S. Court of Appeals for the Fifth Circuit. Such claims by borrowers have seen some success in district courts and this was the first time an appeals court considered the issue.

With Michael Bright's departure, GSE "recap and release" just got hurt...

Memberships in mortgage collectives increased in 2018, despite a tough operating environment, as the firms offered various benefits to lenders.

Joseph Otting, the comptroller of the currency, added the title of the Federal Housing Finance Agency acting director to his brief this week, effectively bringing the Mel Watt era at the agency to an end.

“The only way to get through that is to sell assets – and for many of them that means mortgage servicing rights,” Steve Harris of MIAC told Inside Mortgage Finance.

Cascade services $1.3 billion of product…

The FHA handbook states that servicers can receive a “financial incentive” for offering forbearance...

The non-QM market is booming, said Angel Oak executive Tom Hutchens…

Four years ago, Leslie Peeler, the Fannie Mae senior vice president in charge of the GSE’s servicing decisions, left the mortgage giant for Seterus.

Bright was first nominated to the post by President Trump in May of last year. He had been serving as an EVP at Ginnie.