Liquidation counsel Michael St. James did not return a telephone call and email regarding the situation.

On average, mortgagors documented $426,633 in liquid reserves...

Mulvaney signaled his intention to send more CFPB guidance to elected officials for congressional review.

During the first quarter, the average credit score at Fannie Mae was 741.15, slightly below the average 744.73 at Freddie Mac.

loanDepot CEO Anthony Hsieh: “Something’s got to give."

Acting CFPB Director Mick Mulvaney said last week that the bureau will reexamine Obama-era regulations that protect consumers from discrimination in credit transactions. Mulvaney released a statement praising efforts by Congress and the White House to repeal bureau guidance that suggests indirect auto lenders are subject to liability under the Equal Credit Opportunity Act. He then said the bureau will reexamine the requirements of the ECOA ...

Congress has sealed the deal on Dodd-Frank reform with a 258-159 vote last week in the House. Thirty-three House Democrats voted in favor of the reg relief bill, which President Trump promptly signed into law. The Economic Growth, Regulatory Relief, and Consumer Protection Act passed the Senate in March on a bipartisan 67-31 vote. The House approved S. 2155 last week without making any amendments. …

According to the offering circular, the average loan balance is $230,368 with delinquencies totaling 5.80 percent...

And there is significant price tiering in the market…

Is First Direct a harbinger of things to come?