Not only are CHLA and CMLA unhappy with the lack of representation, they want the CFPB to form a “Community Mortgage Banking Advisory Council...”

One source said that in the Angel Oak transaction, bidding started with eight investors…

Nine nonbanks reported a combined net loss of $339.5 million on mortgage-banking activity for 2Q16, but that was actually an improvement...

The CMC – which represents several large commercial banks – calls the FDCPA an “antiquated and poorly drafted" statute...

Meanwhile, it’s anticipated that private equity firms could play an even larger role...

The top revenue generator for MBA was membership dues at $18.24 million. Its annual convention took in $7.5 million while all other conferences generated revenue of $17.70 million.

FB also services roughly $4.02 billion in residential loans…

The call-report data pose an interesting, and contrary, view of the banking industry’s mortgage-banking activity during the second quarter…

Is Ocwen's share price extremely undervalued?

The Federal Communications Commission recently promulgated final rules that restrict how companies can attempt to collect on delinquent agency mortgages, federal student loans and other debts owed to the federal government, including through the use of so-called robocalls. The new rules limit the number of robocalls to wireless numbers, including text messages, to three per month. The new rules also only allow robocalls concerning debts that are delinquent or at imminent risk of default, unless there is prior express consent otherwise. The new rules require that, absent consent, callers only call the individual who owes the debt, not his or her family or friends. This includes limiting the number of robocalls allowed to reassigned numbers. The new rules reiterate that ...