Nearly a score of industry trade groups sent a letter this week to the leadership of the House Financial Services Committee, urging them to pass legislation to provide a reasonable hold-harmless period for enforcement of the CFPB’s TILA-RESPA Integrated Disclosures (TRID) regulation for lenders trying to do their best to comply. “We appreciate that the bureau indicated it will be sensitive to the progress made by those entities that make good-faith efforts to comply,” the 19 groups said in a letter to Committee Chairman Jeb Hensarling, R-TX, and Ranking Member Maxine Waters, D-CA. “At the same time, the industry needs...

In recent years there has been speculation that Nationstar would spinoff Solutionstar, but officials at Nationstar now see Xome as a way to differentiate the nonbank from other lenders.

In general, companies whose sole mission is to originate and service residential mortgages are the most shorted stocks in the sector...

McCoy works in Nationstar’s servicing department, DeYoung in administration.

According to the consent order in the case, Ocwen had a history of ignoring the agency’s document requests...

One source said Nomura also was providing warehouse credit to Angel Oak.

During May Quicken ranked second among all GSE sellers with 68.2 percent of its business going to Fannie Mae.

Servicing profits were generally down in the first quarter as many companies reported negative effects resulting from interest rate volatility.

The survey also found that about 90 percent of loans originated by banks were QM compliant compared to 84 percent last year...

Calls to nonbanks from Inside Mortgage Finance revealed a great deal of interest in the Citadel product...