A coalition of multi-sectoral groups is urging the Consumer Financial Protection Bureau to work with other federal agencies to provide strong protections for mortgage applicants and homeowners who have limited English proficiency (LEP). The Americans for Financial Reform, an umbrella organization for more than 200 civil rights, consumer, labor, business, investors, faith-based, and civic and community groups, said that while the CFPB has taken steps to assist LEP consumers, the agency and federal banking regulators should go further to make the mortgage marketplace fully and fairly accessible to these consumers. “Mortgage origination and servicing must be...

The bid deadline on the $783 million portfolio is June 16. The other deal – heavy with Texas product – has a bid decline of June 15.

Last year, $18.8 billion in outstanding IOs in non-agency MBS hit 10-year recasts…

Equity Prime Mortgage of Atlanta said it’s hiring in all areas, including sales, servicing, operations and compliance…

However, Fitch did raise concerns about the expenses associated with Pentalpha Surveillance, which will review potential breaches of representations and warranties…

Another bank seeing a pickup in clients is Southwest Bank, Dallas…

Rumor has it that a mid-sized nonbank based in the Western U.S. is entertaining takeover offers...

JPMorgan Chase may not like FHA loans very much, but it certainly has a strong appetite for jumbos, hence the huge growth in its retained portfolio...

Changes include an ability-to-repay safe harbor for loans held in portfolio...

The Lone Star bond could also receive credit ratings, which would be a first for a nonprime MBS backed by new originations in the post-crisis era...