Bad news for specialty servicers: Black Knight Financial Services said 58,700 foreclosures were started during April, the lowest reading in 10 years...

The publication of the proposal formally triggers the beginning of the official 90-day comment period. Comments to the CFPB are due by 11:59 p.m. Aug. 22, 2016.

Last summer, Chase started offering jumbos with credit scores as low as 680 and downpayments as small as 15 percent. Previously, the bank required credit scores of at least 720 and 20 percent down…

“We also have to pay more attention to third-party financing and third-party document custodians that new issuers are relying on,” Drayne added.

Although the CSS joint venture has a projected budget and multi-year budget plan, it is working with FHFA about when to release that information…

Nonbanks primarily need to worry about being examined for lending, but the CFPB has its ears open to servicing complaints as well…

With rates holding steady the past two weeks, more servicing auctions could come to market…

So, who will mortgage professionals vote for come the fall election? Trump or Clinton?

Jumbo mortgages accounted for 20.3 percent of total first-lien originations in the first quarter of 2016, according to estimates by Inside Nonconforming Markets. While jumbo production declined slightly in the first quarter compared with the previous period, overall originations posted a steeper drop. An estimated $77.0 billion in jumbos were originated in the first quarter of 2016, down 1.3 percent from the previous quarter and up by 6.9 percent compared with ... [Includes one data chart]

At $1.661 trillion, it’s a new record in terms of banks and MBS holdings…