In early June, Finance of America filed a layoff notice on 43 workers in Roseville, CA.

The new ruling raises the likelihood that the Supreme Court might take up the issue in the future.

One former loanDepot official had this to say about the rumor: “It makes sense. loanDepot has plenty of loan officers handling inbound leads. Amazon could create a ton more and compete with Quicken….”

Depository institutions continued to pull back from the business of servicing home loans for other investors during the first quarter of 2018, but the rate of withdrawal appeared to slow, according to a new Inside Mortgage Finance ranking and analysis. [Includes two data charts.]

Law professor J.W. Verret on Kathy Kraninger: “She doesn’t have experience with financial markets…”

Also, credit unions and thrifts both increased their MSR holdings...

At $10.3 billion, the package is believed to be one of the largest in the auction market right now.

If the deal comes off, loanDepot employees will receive free Amazon Prime accounts…

Investment bankers that make a market in flow servicing rights increasingly are worried about the role Fannie Mae and Freddie Mac play in the space and are beginning to wonder if the two government-sponsored enterprises are creeping beyond their charters.

The Trump blueprint would remove the federal charter from statute and fully privatize the government-sponsored enterprises.