The settlement agreement stemmed from a complaint filed by the Department of Housing and Urban Development against First Citizens Bank and Trust Co. in 2011 after an analysis of 2010 Home Mortgage Disclosure Act data.

Walter’s stock price has declined by about 80 percent in the past year due to regulatory issues and other pressure on nonbank servicers...

Watt has given no indication that he wants to wade into this mess and has repeatedly stressed that it’s up to Congress to figure out what to do with Fannie and Freddie.

Rumor has it that a mid-sized nonbank based in the Western U.S. is entertaining takeover offers...

However, Fitch did raise concerns about the expenses associated with Pentalpha Surveillance, which will review potential breaches of representations and warranties…

Another bank seeing a pickup in clients is Southwest Bank, Dallas…

Last year, $18.8 billion in outstanding IOs in non-agency MBS hit 10-year recasts…

Equity Prime Mortgage of Atlanta said it’s hiring in all areas, including sales, servicing, operations and compliance…

The bid deadline on the $783 million portfolio is June 16. The other deal – heavy with Texas product – has a bid decline of June 15.

MBA said the average pre-tax production profit was 33 basis points in the first quarter of 2016, compared to an average net production profit of 22 bps in 4Q15.