Wells Fargo is in the hunt for a top servicing executive to aid the bank in its pursuit of MSR sales, sources told Inside Mortgage Finance.

In two weeks the White House will meet with some of the largest residential funders in the U.S. But will President Obama show?

Just how hot is the jumbo MBS market? Consider this: Some $3.95 billion in non-agency jumbo MBS was issued in the first quarter, compared with $3.46 billion in issuance in all of last year.

The National Credit Union Administration keeps racking up the "wins" in its drive to recover losses on faulty MBS sales.

U.S. Bank, one of the largest residential lenders and servicers in the nation, has a new president.

Steve Stein, national sales director, has departed Green Tree Servicing, but the company isn't returning telephone calls and emails about the matter.

New Treasury Secretary Jack Lew chaired the regularly scheduled meeting of the Financial Stability Oversight Council, of which the CFPB is a member, in a closed session at Treasury last week. The CFPB, which is using the disparate-impact standard as the basis of its actions, is assigning a fair lending staffer to every supervision exam; conducting fair lending investigations; and striking alliances with the Department of Justice, as well as the Department of Housing and Urban Development and other regulators, we’ve been told...

The CFPB’s contract solicitation and selection processes are generally in compliance with federal regulation, but the bureau could do more to shore up internal controls, according to the results of an evaluation by the Federal Reserve Board Office of Inspector General.“We found that the CFPB’s processes and practices were compliant with particular Federal Acquisition Regulation requirements, such as performing acquisition planning and market research, providing opportunities for companies to compete for CFPB contracts, and...

Two major auto dealer trade groups have some serious objections to the guidance the CFPB put out last month on auto lending, particularly taking issue with whether the CFPB’s position on dealer rate participation is going to make much difference in helping car buyers. The National Automobile Dealers Association and the National Association of Minority Automobile Dealers said the guidance issued by the bureau attempts to force auto finance sources into changing the way they compensate dealers without any indication that...

The CFPB is going to release its first substantive guides to the mortgage rulemakings it issued earlier this year, according to the text of an email that the bureau sent to industry groups last week but otherwise did not announced publicly. The National Association of Independent Housing Professionals is shopping around on Capitol Hill some new appraisal rules that would include the establishment of a hotline with the CFPB. The National Association of Federal Credit Unions made a fresh appeal to Senate leadership for relief from...