During his career, Israel has worked for IndyMac Bank and other shops.

The new MBS is largely backed by non-QMs, along with some “rebuttable presumption” QMs…

The nomination of investment banker Steven Mnuchin to head the Treasury Department moved forward Wednesday...

A fun fact for nonbanks: Depository institutions among the top 50 servicers reduced their holdings by 1.2 percent during the same period.

In many cases, the fourth quarter drop was due to poor performance on servicing hedges.

Fairholme: “Only the disingenuous would assert that recapitalization of these companies would take decades and come at taxpayers’ expense…”

The CFPB also took action against two realty firms: ReMax Gold Coast and Keller Williams Mid-Willamette...

Tom Hutchens of AOMS, said “a lot” of his optimism about higher nonprime origination volumes for 2017 is tied to securitization. “This is now a liquid market,” he said.

Further, the lawmakers’ motion is untimely and fails to meet the standard for intervention, the lender argues in its filing.

The trade group’s blueprint also throws cold water on any piecemeal “recap and release” plan for Fannie and Freddie.