Social Finance, the high-flying marketplace lender, has an active mortgage-lending joint venture with Stearns Lending, according to David Schneider, CEO of Stearns. In a recent interview with Inside Mortgage Finance, Schneider said his company “covers a lot of [SoFi’s] business” and buys any loan the joint venture produces. “They do some, and we do some,” Schneider said. He added that Stearns doesn’t service any loans for SoFi. At the recent ABS East conference in Miami, Ashish Jain ...

“I’m not sure why there’s been such an escalation of it [the FCA],” said Carson.

Some examiners did not receive adequate training or developmental opportunities, the IG said…

A previously announced legal settlement with Royal Bank of Scotland will soon hit the books...

While the pilot is limited to New Hampshire home buyers, Fannie thinks the pilot could open the door to other states doing something similar…

Gripes to the bureau leapt by 53.4 percent on a sequential basis…

No one’s talking, and there’s been no indication that the DOJ has even filed a brief in the Ocwen case…

Lenders are none-too-thrilled with LOS compliance functions as well…

For now, BRAWL isn’t naming names, but credited three lenders for being “true partners” because more than 90 percent of their production comes through the wholesale channel...

Overall, hackers stole financial information on roughly 140 million American consumers…