It certainly seems like the Financial Services Roundtable wants to be a key player in GSE reform...

Firms that specialize in subservicing home mortgages for others continued to post steady gains in the first quarter, according to a new tally from Inside Mortgage Finance. The nation’s 20 largest subservicers held $1.689 trillion of contracts at March 31, a 5.1 percent sequential gain and a hefty 24.1 percent improvement from the same period a year earlier. Also, roughly $1.877 trillion of the nation’s mortgages are...[Includes one data table]

The Department of the Treasury this week issued a report calling for stripping the Consumer Financial Protection Bureau of its supervisory powers over federally insured banks and state-supervised nonbanks, clarifying and modifying the TILA-RESPA integrated disclosure rule, and freezing additional rulemaking in mortgage servicing. The report recommends actions and changes that can be immediately undertaken to reduce regulatory overlap, fragmentation and duplication. While some of the changes could be implemented administratively, many would require congressional action. Treasury called...

The market for mortgage mergers and acquisitions is beginning to heat up with talk about who’s in – and who might be out. According to investment banking officials speaking under the condition they not be identified, Caliber Home Loans and Flagstar Bancorp continue to make their intentions known as buyers. “Caliber is looking to make a big splash,” noted one advisor who said he’s been contacted by the privately held lender. “And they have money behind them too.” That “money” would be...

The most challenging aspect of complying with the pending amendments to the Consumer Financial Protection Bureau’s mortgage servicing rule will be implementing the successors-in-interest provisions, according to industry experts. Most of the revisions to the rule, issued last year by the CFPB, take effect Oct. 19, 2017. But the successor-in-interest requirements kick in April 19, 2018. Addressing an audience at the 2017 American Bankers Association regulatory compliance conference in Orlando this week, compliance professionals broke...

The Ginnie MSR market has been in the tank the past two years, but has revived somewhat this spring…

Walter’s warehouse providers include Wells Fargo and Credit Suisse, among others.

Last year, SoFi received approval to become a Fannie Mae seller/servicer.

And a business plan is born: lending money to real estate agents...

The Treasury Department says it’s possible that originations are being stifled by caps on points and fees charged to borrowers.