David Lykken, managing partner of Transformational Mortgage Solutions, said he welcomes PIMCO’s investment, believing that it’s a huge positive for the industry.

Cordray is pushing hard to see the guidance released before the Oct. 3, 2015, effective date of the TRID rule, which is Saturday.

The congressman said the decision to sell thousands of loans at a time at sharp discounts to the highest bidder “continues to enrich Wall Street at the expense of neighborhoods and community-based organizations.”

Or as Marc Savitt of the National Association of Independent Housing Professionals put it: “Nothing will pass as long as Obama still has a pen…”

MBA chief Stevens said he and a “certain group of individuals” met with the HUD secretary last Friday to discuss the topic.

Some 71 lenders are contributing loans to the deal, led by Stonegate Mortgage with a 6.9 percent share.

The CFPB alleged that expense accounts were really “point banks” and that payments in the form of bonuses and commissions were based on mortgage profitability...

The Texas Republican blamed the CFPB and DFA for raising prices and “cutting off" access to mortgages…

Last year, loan production turned out better than many anticipated...

While nonbanks have taken a much bigger share of the servicing market, the top-ranked subservicer is Cenlar, a New Jersey-based savings bank.