The former FHA commissioner noted that: “We’ve seen that before – when enforcement does replace regulation..."

Meanwhile, the MBA chief – and his members – were caught off guard by Tozer’s comments about nonbanks and servicing transfers.

Among the industry-supported provisions is expanded small-creditor definition.

“We are not looking for ‘gotchas’ here,” the CFPB official promised.

American Advisors Group ranked first among all reverse mortgage originators in the first half, funding $1.2 billion. None of the top 15 are depositories.

One frequent participant on the buy-side of MSR deals called the current price structure “fair” and below the “overheated” level that buyers witnessed a year ago.

Lund’s vindication comes at a time when both GSEs are now earning several billion dollars per quarter.

Most of Ocwen’s back-office workers are overseas in India and the Philippines where call center workers make much less than their U.S. counterparts.

Ginnie Mae securitization data for the first six months reflect an upward trend in VA loan originations...

Early this year, PIMCO was in talks to buy RoundPoint Mortgage, a top 25-ranked servicer, but the transaction fell apart.