January 2014 marked the fourth month in a row where combined agency securitization included more purchase-money mortgages than refinances, according to Inside MBS & ABS.

Some 18 lenders contributed to the security, all of which were disclosed – somewhat uncommon for jumbo MBS.

Also, the CFPB is considering requiring more underwriting and pricing information, such as the interest rate, total origination charges, and discount points.

Among other issues, the GAO found that for three of the servicers, their denial rates were significantly higher for Hispanics than for the comparison population of non-Hispanic whites.

PennyMac had 229 correspondent partners at the end of 2013 and Kurland said the nonbank is looking to work with small sellers.

The Consumer Financial Protection Bureau also decided to eliminate the list of CFPB team members participating in a review.

Despite the findings of the Inspector General's office regarding appraisal reviews, the GSEs’ recent books of business are considered to be of pristine quality.

Is Caliber's parent toying with an IPO for the lender? After all, hedge funds like to “build and flip,” not build and hold forever…

Morgan Stanley notes: “The agreement in principle is subject to final approvals by the parties. In connection with the settlement, the company will record an addition to legal reserves of $150 million, which will have the impact of reducing income..."

The nation’s third largest FHA servicer also admitted that it failed to inform the government mortgage insurers when its own internal reviews discovered more than 500 defective loans that never should have been submitted for coverage.