RPM CEO Rob Hirt was good-natured about the departures: “I wish CMG continued success into 2019…”

Although HUD has voiced its opinion on the eligibility of DACA recipients informally, no official, definitive pronouncement has been issued – to the consternation of lenders.

Roughly 45 percent of respondents said they definitely will enter the the Non-QM market this year.

Market sources said Seterus struggled to find new servicing clients to replace its dwindling contracts with Fannie Mae.

The biggest reason for the slump: the decline in single-family MBS production by Fannie, Freddie and Ginnie…

Market sources said Seterus struggled to find new servicing clients to replace its dwindling contracts with Fannie Mae.

No disasters have been reported yet, but some lenders are beginning to worry...

One former Fannie Mae executive familiar with Seterus opined that IBM likely received “pennies” compared to what it invested in Seterus...

Agency mortgage business is proceeding normally as the partial shutdown of the federal government nears two weeks. FHA processing will likely be slowed, and there are still concerns about IRS transcripts. Federal flood in-surance remains in business.

The California Democrat is expected to focus on affordable housing issues and holding the Trump administration accountable.