One observer called the $1.2 billion “chump change” for Wells.

We also are hearing reports that TRID errors and closing delays definitely will be affecting first quarter 2016 earnings, at least for certain nonbanks…

Mortgage firms that are thinking about selling are 15 to 25 years old, said one M&A advisor...

For lenders, the best scenario is that an arbitrator might rule in their favor, with a GSE reimbursing them for what Fannie and Freddie call “certain costs and expenses.”

Another large nonbank enters the space for unsecured consumers loans. A trend in the making?

Earnings are high at most nonbank lenders these days, which makes them attractive to investors...

Kvetching about mortgage servicing was down sharply too, off 23.1 percent compared with the third quarter.

In the announcement on dropping coverage, FBR quoted PHH management as saying “organic growth is hard to come by, strategic initiatives are taking longer to achieve, and prepayment speeds on the company’s MSR are still elevated…”

Super-jumbo lenders take note: Hugh Hefner’s Playboy mansion is now officially for sale.

One company that confirmed its interest in scratch-and-dent TRID loans is Mid America Mortgage.