Maybe more Millennials are buying homes than people think: "A large portion of our applicants are in the Millennial generation. I am seeing them in our office every day," said Jim Picard of Denali Alaskan Federal Credit Union.

But why so long? ABA's Rod Alba continued: “Well, not all the rules are done yet."

The buyer originates mortgages in roughly six western states and is looking to expand into the East Coast to help fill its pipeline.

The mortgage industry has raised concerns about the HAWK initiative because it carries the specter of new fees.

Up until the housing crash of 2008, it was not uncommon for many warehouse lenders to extend lines of credit to buy MSRs or finance the holding of the asset.

According to interviews conducted by IMFnews, many nonbanks lost money in January and February but began to see better results in March.

“I understand this is the largest attended ABA compliance conference. You’re welcome,” dead-panned CFPB official Steve Antonakes. “We'll see what we can do this year to boost your numbers a little more next year.”

We’re hearing unconfirmed reports that the Federal Housing Finance Agency may not hire a chief executive and chairman for the common securitization platform project after all…

Fitch Ratings said the spike was an aberration, caused by a servicing transfer, not sudden poor performance by pristine jumbo borrowers.

At March 31, PIMCO did not even rank among the top institutional holders of PHH Corp. As one analyst quipped: "Maybe they like the valuation."