Early last year PIMCO still had designs on RoundPoint Mortgage, Charlotte, which ranks 23rd among residential servicers, according to a tally from Inside Mortgage Finance.

After rates plunged earlier in the year, servicing auctions slowed somewhat, but are once again hitting the market.

TRID errors were a topic of discussion at the LendersOne mortgage cooperative meeting in New Orleans. Pete Mills, senior vice president of the Mortgage Bankers Association, was giving a presentation.

February’s new issuance was also the lowest monthly total for the GSEs since May 2014...

Fitch didn’t adjust its loss expectations due to TRID compliance issues, noting that the risk for investors was “immaterial...”

Stevens said there has been “a lot of back and forth” on the topic with the regulator…

According to survey figures from Inside Mortgage Finance, wholesale/broker production accounted for 9.6 percent of fundings in the fourth quarter of 2015...

Ellington is also investing in lenders that originate the loans.

Wall Street veteran Greg Parseghian has informed the board of PHH Corp. that he will retire as director of the publicly traded nonbank.

Many small and medium-sized nonbanks have been earning steady profits the past three years, but some firms lost money in the fourth quarter of 2015, thanks to the CFPB’s integrated disclosure rule known as TRID. At least that’s what some warehouse managers told IMFnews, an affiliated publication. These credit executives, who spoke on the condition their names not be used, were somewhat surprised by the development, noting that about a third of their clients posted losses. The managers also noted that executives at companies experiencing the losses almost unanimously blamed it on the TRID rule, citing compliance costs and problems selling mortgages in the secondary market, particularly jumbo and nonconforming products. At this time, there seems to be no major ...