The company confirmed that long-time chairman and CEO Joe Tomkinson will be stepping down at the end of July...

Nonbanks do not have safety and soundness regulators, which is causing anxiety inside the agency…

Under Acting Director Mick Mulvaney, the CFPB will rely on state regulators and state attorneys general for more leadership when it comes to enforcement...

Wells remained the top portfolio holder at the end of 2017, though Chase and BofA grew faster.

Consultant Dave Lykken: “There are some firms out there that are just flat out of cash. They just didn’t get ahead of this thing.”

Quicken Loans continues to hire technology-related workers…

Citadel introduced a 5/1 hybrid adjustable-rate mortgage and a 5/25 interest-only term loan…

The USMI fears the pilot “marks an unprecedented encroachment of Freddie Mac’s footprint into primary mortgage markets…”

From what we understand, the Amazon executive spearheading the effort is Nick Clemente...

The Department of Housing and Urban Development and the Federal Deposit Insurance Corp. have announced offerings of multiple residential reverse mortgage pools for sale to investors. The HUD pools are comprised of approximately 650 reverse mortgage notes with a total loan balance of about $136 million. The sale consists of due and payable first-lien reverse mortgages secured by single-family, vacant residential properties where all borrowers are deceased and none is survived by a non-borrowing spouse. The reverse-mortgage sale is the third offering of its type. As with past offerings, the sale will be by competitive bidding on April 11, 2018. The loans will be sold without FHA insurance and with servicing released. The loans are expected to be offered in regional pools. Meanwhile, the FDIC will unload in open auction 3,280 FHA-insured reverse-mortgage loans from the ...