The "Lost Sales Analysis" product – licensed from its developer, Equifax – helps originators determine if applicants closed a mortgage with a competitor.

Not only did Citigroup shock the market this week with its decision to exit residential servicing operations, but the move could be the start of an eventual withdrawal from all mortgage banking. For now, the nation’s sixth-largest servicer – and 13th-largest originator – is strongly refuting such talk, but that isn’t stopping the industry from speculating on the megabank’s next move. “If they firmly believe they can’t make money in servicing and cross-selling, then this is...

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

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.

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

The company’s motion arises in an unusual procedural context…

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