The foreclosure rate returned to pre-crisis levels this year, though industry analysts note that foreclosure rates remain somewhat elevated in states with a judicial foreclosure process.

There’s a perception the CFPB will take fewer enforcement actions under the leadership of Mick Mulvaney, but industry attorneys question whether there has been any pullback…

The Fannie Mae loans are located in 28 states…

The dollar volume of subservicing contracts grew by 1.8 percent in the second quarter on a sequential basis, another sign that this specialty niche is continuing to slow, according to a new ranking and analysis from Inside Mortgage Finance. [Includes one data chart.]

Some states are gearing up to tighten their regulation of mortgage servicers to pick up the slack from a perceived pullback by federal regulators, although attorneys said the Consumer Financial Protection Bureau is still enforcing its servicing regulation.

Mortgage delinquency rates fell sharply in the second quarter, according to the Inside Mortgage Finance Large Servicer Delinquency Index. [Includes one data chart.]

Cowen: “We would expect enforcement to return with Democratic control and wane with GOP control.”

Mayopoulos didn’t even earn a performance bonus in 2017, despite a companywide pre-tax profit of $18.4 billion.

The top five sellers of bulk agency product during the first-half of 2018 were Stearns Lending, Flagstar Bank, Seneca Mortgage, United Shore Financial (parent of United Wholesale Mortgage), and loanDepot.

A Treasury Department report called on the Department of Housing and Urban Development to establish clear standards for determining which mortgage-related violations and loan defects the Department of Justice should pursue under the False Claims Act. The report also recommended that DOJ ensure that materiality, for purposes of the FCA, is linked to the standards of the agency administering the program to which the claim has been filed. Furthermore, it urged both HUD and the DOJ to work together to clarify the process by which they can jointly resolve claims. The report was issued pursuant to President Trump’s February 2017 executive order establishing his administration’s policy to regulate the U.S. financial system according to a set of core principles. Both HUD and the DOJ have been successful in using the statute to prosecute FHA lenders who knowingly commit fraud or make ...