The new ruling raises the likelihood that the Supreme Court might take up the issue in the future.

“We didn’t observe any meaningful change in purchase loan application trends compared to earlier years,” said Archana Pradhan of CoreLogic.

One former loanDepot official had this to say about the rumor: “It makes sense. loanDepot has plenty of loan officers handling inbound leads. Amazon could create a ton more and compete with Quicken….”

Depository institutions continued to pull back from the business of servicing home loans for other investors during the first quarter of 2018, but the rate of withdrawal appeared to slow, according to a new Inside Mortgage Finance ranking and analysis. [Includes two data charts.]

Law professor J.W. Verret on Kathy Kraninger: “She doesn’t have experience with financial markets…”

Also, credit unions and thrifts both increased their MSR holdings...

KBRA assigned preliminary AAA ratings to the MBS with credit enhancement of 6.00 percent on the senior tranche.

At $10.3 billion, the package is believed to be one of the largest in the auction market right now.

If the deal comes off, loanDepot employees will receive free Amazon Prime accounts…

Investment bankers that make a market in flow servicing rights increasingly are worried about the role Fannie Mae and Freddie Mac play in the space and are beginning to wonder if the two government-sponsored enterprises are creeping beyond their charters.