The exact g-fees charged to primary originators by Fannie Mae and Freddie Mac are one of the best kept secrets in the industry.

RFC is privately held. One of its top executives is Barry Habib, a well-known mortgage trainer who has worked at GMAC Mortgage and other shops during his career.

The man heading the MSR sales effort for Wells Fargo is Brian Kunar, who carries the title of senior vice president of servicing sales.

Ocwen Financial, the nation’s top-ranked subprime servicer, was the only firm among the major servicers that increased its subprime servicing portfolio (excluding subservicing) in the third quarter of 2013.

The settlement offer – which does not cover claims on trusts issued by Washington Mutual – will remain open until Jan. 15, 2014, but may be extended.

One lender that operates in the Irvine area noted that his firm has received several resumes from former Rushmore workers.

Under the new guidance, lenders must report to FHA all findings of fraud and material misrepresentations concerning the origination, underwriting or servicing of a loan that the lender is unable to mitigate or resolve.

In a new letter to CFPB Director Richard Cordray, the ICBA and 41 state affiliates say they want a “reasonable transition period of nine to 12 months."

Mortgage professionals who work the M&A trade contend that interest in residential finance is not waning in the least, but potential buyers are being a bit more choosey these days.

Republicans on the Senate Banking, Housing and Urban Affairs Committee appear to have thrown in the towel on trying to slow down the CFPB’s mortgage rulemaking locomotive. During a hearing last week, ostensibly to receive the bureau’s fourth semi-annual report to Congress, committee members from the Grand Old Party repeatedly tried to hammer CFPB Director Richard Cordray over the agency’s data-collection practices, with only a few brief mentions in passing of the bureau’s game-changing ability-to-repay rule with its...