CSS recently unveiled the trade groups that would participating in the IAG, but did not identify any individuals…

Despite shrinking housing receivables, Citigroup marked up the asset value of its MSR contracts to $1.924 billion, a 14 percent improvement from the end of the first quarter.

Meanwhile, the U.S. House of Representatives approved a modified bill that would require federal banking regulators to study the role of depository institutions in the MSR market.

CFPB chief Richard Cordray promised: "If we see errors, we’ll point out what they are and how they should be corrected. We will not be looking to be punitive toward people.”

One source close to Wingspan told IMFnews that many executives have been let go, including marketing director Guy Davies.

IMA Managing Member Tom Piercy said the advisory firm also plans to offer an $800 million package of Fannie Mae/Freddie Mac servicing rights.

According to IMF’s exclusive ranking, Cenlar ranked first among all subservicers at the end of the first quarter with an estimated $252 billion of contracts...

Some residential lenders are still living off of refi applications that were filed earlier in the year...

The mortgage division is housed in BofA’s consumer banking division, which employed 65,818 workers at the end of June.

Chase was the sixth largest FHA lender in 2014 with $1.67 billion. Citi ranked 62nd with $342.4 million.