By comparison, commercial banks must have tier 1 capital of 8.0 percent of risk-weighted assets.

Mortgage brokers actually gained some share in the government market…

A 34-year veteran of the home lending industry, Goulding also worked for Wells Fargo Home Mortgage…

JMP likes the higher profit margins that accompany non-QM lending…

Going forward, the CFPB plans to consider the scale and frequency of violations when determining future enforcement actions, Acting Director Mick Mulvaney said. In remarks at a public policy luncheon hosted by Women in Housing and Finance, a professional group, Mulvaney said the consumer agency will decide whether the violations are systematic or intentional when determining potential actions against companies under its jurisdiction. For example, 12,000 violations ...

Mick Mulvaney has made many significant changes at the CFPB since President Trump named him acting director of the agency in November. Attorneys said the organizational changes may have the most profound impact. Mulvaney was not a fan of the consumer bureau, which he called a joke “in a sick, sad way.” Six months into his interim tenure, he was doing everything he could to change the consumer agency both structurally and operationally, in how it makes ...

Banks have been reducing their servicing for others since late 2009…

The AAF warns against the GSEs becoming private entities again, noting there’s no way for them to raise enough capital…

Earlier in the decade, Sebonic was started by former employees of RoundPoint Financial...

Besides selling RFC, the publicly traded FNB is consolidating 20 of its branches in a cost cutting move.