Industry groups view recently-issued temporary guidelines for approving condominium projects for FHA finance as limited but positive, with the hope that other issues can be addressed in a more comprehensive rulemaking. Announced on Nov. 13, the interim guidelines took effect immediately and will remain for one year to give FHA sufficient time to implement more comprehensive condo rule changes. They include certain changes to the current lengthy and complex ...

The OCC’s language was not as strong as earlier reassurances from the CFPB that it would not be taking a “gotcha” or punitive approach when it commences with TRID examinations…

In order to grow its servicing portfolio through acquisitions, Ocwen has to satisfy conditions set in detailed consent orders...

Mortgage executives have much to worry about these days: TRID, declining loan volumes and marketing services agreements, a new survey found.

If Citadel can hit the $1 billion mark it would be a significant achievement in the “new,” post-crash nonprime market.

In January, Birch Run reported a 17.8 percent ownership stake in Walter, but has since increased it to 19.8 percent.

In a past audit, the OIG criticized the FHFA for lacking a “sufficient number of examiners.” In the new budget, the FHFA plans to increase its examinations head count to 275 from 248 in FY 2015.

A number of different firms handle servicing on the loans, led by Ocwen Financial with a 54.1 percent share.

At the end of fiscal year 2015 the two GSEs had combined REO holdings of 78,738 units, a 36 percent decline from the prior year…

Impac’s initial foray into non-QM production was sourced mostly through the wholesale channel.