Mortgage trade groups are asking the CFPB to reopen the loan originator compensation rule to reduce lenders’ regulatory burden and better serve consumers. A dozen industry trade groups – including the American Bankers Association, the Mortgage Bankers Association and the Real Estate Service Providers Council – recently wrote to Acting CFPB Director Mick Mulvaney with suggested changes to the agency’s LO compensation rule under the ...

The nonbank wholesaler, a unit of United Shore Financial Services, has been the top contributor to six of Redwood’s prime non-agency MBS of 2018.

“I think everyone is on board,” said Colgate Selden, a former CFPB attorney and now managing director and head of regulation and compliance at Promontory MortgagePath.

A number of investors noted that it’s difficult to find structured-finance products with attractive yields.

If Ocwen reenters the servicing market as a buyer it will be doing so at a time when MSR prices are the highest they’ve been all decade...

Ditech’s most coveted asset is its $181.4 billion mortgage servicing portfolio...

State-licensed mortgage lenders originated $239.70 billion of home mortgages in the second quarter of this year, according to nonbank mortgage call report figures compiled by the Nationwide Multistate Licensing System. The sector posted an 18.9 percent increase in origination volume from the first three months of the year, slightly more than the 17.1 percent rise in total first-lien originations over that period. As a result, the nonbank share of new production ... [Includes two data charts]

Two new mortgage underwriting solutions designed to help lenders streamline their current mortgage workflows and reduce cost, as well as enable them to assist non-prime borrowers to obtain home loans, have hit the market. CoreLogic’s AutomatIQ Borrower streamlines underwriting by digitizing, standardizing and automating borrower analysis and verification. The tool bridges the gap between point-of-sale and underwriting to create a smoothly running mortgage origination process ...

Lenders looking for efficiencies should adopt artificial intelligence, machine learning and blockchain, according to various technology vendors. They claim that the technology can be implemented without exceptionally high costs but caution that early adopters face some risks. AI is generally defined as a collection of machine-learning algorithms assembled for certain tasks. Blockchain is distributed ledger technology. The tech was an area of focus at the ABS East conference ...

Expanded-credit mortgages accounted for less than 3 percent of total first-lien originations in the first half of this year.