If Mr. Cooper was the first choice, what were the others?

While jumbo production fell on a sequential basis, many lenders saw a gain when compared to the same quarter a year earlier…

Stevens credited the Federal Housing Finance Agency with making “significant progress” in fixing the flaws of Fannie and Freddie...

The regulator cautioned that a large downpayment alone isn’t sufficient to prove a borrower’s ability to repay a non-QM that is based on the consumer’s assets.

At this pace, you can expect that by yearend New Rez will be the nation’s second largest servicer, at least in terms of ownership rights…

The Republicans made a big splash earlier this week promoting the Hensarling bill, motivating the Democrats to employ a parliamentary ploy that has not been used in the committee in 20 years.

A fair question: If there’s no federal guaranty on conventional MBS will the housing and mortgage markets tank?

Patenaude also served as HUD assistant secretary for community, planning and development during the George W. Bush administration.

Bank of America has made a break from most of the other big banks in terms of sending conforming mortgages to the government-sponsored enterprises. Officials at the bank said BofA is retaining more of its GSE-eligible loans, though the strategy can result in short-term decreases to mortgage-banking income. “We believe retaining these mortgages will provide better economics over time, plus retention deepens our relationship with these customers,” Paul Donofrio, BofA’s chief financial officer ...

Sources told IMFnews that the CFPB was seeking a settlement in the range of $50 million from the servicer...