“Will we see the loanDepots of the world jump in?” he asked rhetorically. “There’s a lot of top lenders out there looking for innovative products to offer,” Pollock noted and left it at that.

Houlihan Lokey was PCM’s advisor on the sale.

PwC estimates that by the early 2030s, up to 38 percent of existing U.S. jobs will be susceptible to automation from robotics and artificial intelligence.

The deal was six-times oversubscribed, a positive for this young market...

PennyMac sourced 92.7 percent of its government-insured loans from correspondents…

The real story is whether more modest alternative measures will be forthcoming.

ABA stands to be an “influencer” in the debate not just because of the size of its bank membership base, but because depositories rank a close second to the Federal Reserve among the largest investors in agency securities.

Production profits suffered, but servicing and secondary market income increased…

We also caught wind of a large servicing auction that took place last week. The broker on the transaction had not returned a media inquiry on the deal...

The full House of Representatives is scheduled to vote sometime this week – perhaps as early as Tuesday evening – on H.R. 10, the Financial CHOICE Act of 2017, Inside the CFPB has learned. The exact day the vote will occur had not been set as of press time, but it will likely take place after the House Rules Committee formally provides a structured amendment process for the legislation. That is slated to take place sometime in the evening on Tuesday, June 6. H.R. 10, introduced earlier this year by House Financial Services Committee Chairman Jeb Hensarling, R-TX, was passed out of committee early last month. Prospects in the Senate are slim, however, because the Republicans just do not have the votes ...