Oh, the irony: tough compliance regulations drive up the cost of renovating the HQ of the Consumer Financial Protection Bureau.

The sale of mortgages by banks took it on the chin in the first quarter. Lower originations is one explanation but are banks keeping more of their own production?

NAMB estimates that during the same year brokers nationwide rebated upwards of $2 billion to consumers at the closing table.

Nonbank capital rules from the FHFA will add certainty to the MSR market, but there will plenty of indigestion along the way.

Phoenix Capital said it has worked with Steel Mountain executives on different projects for 20 years.

It should be noted that after the FHFA IG report was released, the share value of Nationstar, Ocwen and Walter all suffered in trading...

The Consumer Financial Protection Bureau is picking up where HUD left off, and then some, said one senior attorney.

Then again, there are different definitions of what constitutes a “re-performing” mortgage. Most of the loans trading in this market are modified loans that have six to 12 months of seasoning and a clean cash-flow history.

But it’s not just talk of capital standards for nonbanks that has some in the industry spooked – it’s the issue of what constitutes capital.

The FHFA IG seems to be singling out one nonbank megaservicer in particular. But the Inspector General isn't naming names...