MB Financial plans to keep originating home loans in the greater Chicago area and will keep its mortgage servicing platform intact.

Despite the drop, JPM marked up the asset value of its mortgage servicing portfolio...

Wells said the CFPB and OCC have asked the megabank for a $1 billion settlement in the matter.

Now comes the big question: How many more MB Financials are out there?

On the plus side, Wedbush sees mortgage servicers and home builders benefitting…

Rep. Maxine Waters, D-CA, the ranking member of the panel, would not acknowledge that Mulvaney is the head of the agency but asked him questions anyway.

With GSE reform all but dead, rumors about possible administrative changes abound...

Fitch said the $3 billion reserve should be sufficient to cover income volatility during “the normal course of business, as seen when interest-rate volatility results in valuation adjustments within the GSEs’ derivative portfolios.”

Mulvaney – a former GOP Congressman from South Carolina and a Tea Party acolyte – declared: “The Bureau’s new strategic priorities are to recognize free markets and consumer choice and to take a prudent, consistent, and humble approach to enforcing the law.”

Mark Garland, president of MountainView Servicing Group, Denver, reported that SRP prices are indeed strong these days. “Absolutely, it’s the best it’s been in years,” he said.