The Nationstar news begs another question: Will Ocwen Financial, which employs thousands of servicing workers overseas, follow suit?

“We can’t futz around until October,” said attorney Richard Andreano…

Georgetown University law professor Adam Levitin notes, “In other words, this just ain’t a big deal.”

Bottom line: Nonbank mortgage firms don’t want another regulator to answer to…

Not all depositories are retreating from the MSR market. The credit union industry reported a combined $197.6 billion in mortgage servicing for others at March 31, up 1.5 percent…

Other contributors to the deal include Stearns Lending, American Pacific Mortgage and Cornerstone Home Lending.

If there’s a TRID error, secondary market investors will not buy the loan or will pay less for it…

The problem is so bad that HUD is having trouble doing mathematical calculations…

FBR believes continued changes at FHA will benefit private mortgage insurers...

In a new report mandated by the Trump administration, per Executive Order 13772, the Treasury Department slammed the CFPB on multiple counts and called for an overhaul on how the bureau is managed. The Treasury’s perspective was summed up succinctly: “The CFPB was created to pursue an important mission, but its unaccountable structure and unduly broad regulatory powers have led to regulatory abuses and excesses. The CFPB’s approach to enforcement and rulemaking has hindered consumer choice and access to credit, limited innovation, and imposed undue compliance burdens, particularly on small institutions.” The report then detailed a number of more specific criticisms, as follows. “The bureau’s structure renders it unaccountable to the American people,” it began. Also, the CFPB’s substantive authority ...