A variety of factors could cause a significant decrease to the homeownership rate in the coming years, according to industry analysts. Under a scenario where the housing market resembles the current market in California and high-income European countries, the U.S. could shift to having a majority of renters instead of homeowners in 35 years. In a paper set to be published by the Department of Housing and Urban Development, Arthur Acolin, Laurie Goodman and Susan Wachter projected that the homeownership rate will decline from 63.4 percent in 2015 to 57.9 percent in 2050. Acolin is a PhD student at the University of Southern California, Goodman is the director of the Urban Institute’s Housing Finance Policy Center and Wachter is a professor at The Wharton School of the University of Pennsylvania. The researchers said...

Thanks to the MIP cut, it was FHA's best year since 2010.

At Hatteras Financial jumbos are "out" and mortgage servicing rights are "in"...

Bill Erbey controls blocks of Ocwen's stock in his own name, but also through limited partnerships and limited liability corporations.

Texas Capital said the economics of the program are not as strong as originally projected...

Wells Fargo continues to cut workers tied to the servicing function...

Eight of the top 10 jumbo producers in 2015 were banks...

But is the mega-lender advocating for consumers or is it another bold attempt to gain market share and thus increase profits? Industry consultant David Lykken noted: “Quicken’s being smart – they’re using their leverage.”

The tone for banks likely was set by JPMorgan Chairman and Chief Executive Jamie Dimon, who in 2014 warned that without a safe harbor, his bank would be very cautious about FA lending going forward…

Caliber is owned by Lone Star Funds, which was hoping to take the nonbank public one day…