Like the rest of the industry, the small but growing nonprime sector has struggled with the integrated disclosure rule known as TRID, but for the most part such lenders have adjusted and are now seeing a noticeable increase in both applications and production. At least that’s the view of two of the largest players in the market: Angel Oak Mortgage Solutions, Atlanta, and Citadel Servicing Corp., Irvine, CA. Each firm now expects to fund between $800 million and $850 million this year. They did...

When it comes to stock price performance, it’s been an ugly year so far in 2016 for most of the nation’s publicly traded nonbanks, especially if their names happen to be Nationstar Mortgage, Ocwen Financial, PHH Corp. and Walter Investment Management Corp. And you might as well throw Stonegate Mortgage into that club as well. According to figures compiled by Inside Mortgage Finance, these five firms have seen declines in their stock prices – as measured against their highs for the past year – ranging from 52.3 percent (Nationstar) to 82.1 percent (Ocwen). Two other nonbanks whose share prices haven’t suffered as much are...[Includes one data table]

After months of public and private criticism and pressure – and perhaps some behind-the-scenes button holing – the Consumer Financial Protection Bureau has decided to yield to the clamoring about its integrated disclosure rule and come out with another rulemaking perhaps as early as late July that will provide “greater certainty and clarity.” Late last week, in a letter to various industry trade groups, CFPB Director Richard Cordray acknowledged that the implementation of the TRID rule poses many operational challenges and is “particularly challenging because of the diversity of the participants” in the industry. He also said...

Although several high-profile, publicly traded nonbank servicers are having a tough time turning a profit, non-depository institutions continued to build market share in mortgage servicing during the first quarter of 2016, a new Inside Mortgage Finance ranking reveals. On the whole, mortgage servicing is somewhat stagnant. The top 50 servicers as of the end of March managed a combined portfolio of $7.266 trillion, down very slightly from the previous quarter. Servicing tied to Fannie Mae, Freddie Mac and Ginnie Mae mortgage-backed securities managed a humble 0.2 percent gain in the first quarter, and the non-agency MBS market is still in the doldrums. It remains...[Includes two data tables]

Two Harbors was the first – and thus far only – firm to issue a jumbo MBS with loans subject to the TRID mortgage disclosure rule.

G-fees – which have been rising in recent years – are ultimately paid by borrowers.

The Association of Mortgage Professionals, which represents mortgage brokers, said it believes the measure will dilute states’ rights to protect consumers.

Earlier this year, management signaled that the nonbank is considering its options...

Is the end near for servicing writedowns? Hedging marks?

U.S. Bank was the only top-five servicer that has been growing its portfolio…