TRID errors were a topic of discussion at the LendersOne mortgage cooperative meeting in New Orleans. Pete Mills, senior vice president of the Mortgage Bankers Association, was giving a presentation.

Wall Street veteran Greg Parseghian has informed the board of PHH Corp. that he will retire as director of the publicly traded nonbank.

Mass Defection of Top Financial Services Attorneys at K&L Gates. A total of 26 top attorneys – including Laurence Platt, Phillip Schulman, Steven Kaplan, Melanie Brody and Jonathan Jaffe – have jumped ship from the K&L Gates law firm in Washington, DC, to the rival Beltway law shop of Mayer Brown. Their new Consumer Financial Services Group will advise leading financial services companies – including banks, investment banks, private equity funds, hedge funds, mortgage companies, marketplace lenders, emerging payment companies and start-ups –as well as various types of participants in the consumer credit and real estate finance arenas. Their specialized focus will include counseling clients on federal and state laws governing the making, servicing, purchase and sale of residential mortgage loans and the ...

Commercial banks and thrifts continued their years-long retreat from the business of servicing home mortgages for other investors, and some observers are questioning whether nonbanks are strong enough to pick up the slack. As of the end of 2015, banks and thrifts serviced $4.054 trillion of single-family mortgages for other investors, according to a new Inside Mortgage Trends analysis of call-report data. That was down $84.3 billion, or 2.04 percent ... [Includes one data chart]

Poor underwriting, rather than the collapse of house prices, more likely caused homeowners to default on their non-agency mortgage loans – a situation that gradually worsened and subsequently caused the country’s worst financial disaster, according to a new report published by University Financial Associates. Subject to a number of caveats, the report’s findings dramatically illustrate the importance of eroding underwriting quality in non-agency mortgage-backed securities ...

The five largest mortgage servicers that got into trouble because of their flawed servicing and foreclosure practices have passed their final test for compliance with the 2012 National Mortgage Settlement, according to the Office of Mortgage Settlement Oversight. The OMSO report summarizes a set of five compliance reports filed by NMS Monitor Joseph Smith with the U.S. District Court for the District of Columbia for five servicers that were subject to the $25 billion ...

The FHFA said about 16,000 HAMP borrowers facing resets are eligible for HARP.

Not only his Beltzman chairman, but his fund owns 19.8 percent of Walter...

Stonegate met its expense reduction goals by discontinuing select operations and shuttering branches...

Bond investing giant Pacific Investment Management Co. once again has its ears open for potential acquisitions in the residential finance space, including mortgage franchises or “assets,” according to investment bankers and sources close to the company. These officials, who spoke under the condition their names not be used, identified a handful of acquisitions that have been presented to PIMCO, including a nonbank based in the Charlotte, NC, area. As Inside Mortgage Finance went to press this week PIMCO – and the target acquisition – could not be reached for comment. As a technical matter, the investments are being made...