Will CitiMortgage be an even greater player in jumbo lending with its new CEO?

New York State may be among the worst in the nation when it comes to approving loan officer applications.

Sen. Harry Reid is vowing that CFPB director Richard Cordray will get another vote in the Senate.

Ocwen had $155 billion of subprime servicing contracts at the end of the first quarter, more than double its next closest competitor.

The bulk servicing market continues to heat up. MountainView is out with two new deals.

The Mortgage Bankers Association wants lower guaranty fees from Fannie Mae and Freddie Mac but is willing to barter for them.

Most of the CFPB’s requirements stemming from its blizzard of mortgage rulemakings in January take effect sometime next year. But there are a few notable exceptions, including the Truth in Lending Act ban on mandatory arbitration provisions in certain mortgage loans, which kicks in June 1, 2013. “Lenders now using mortgage loan documentation containing such provisions should take steps to ensure that they (and references to them) are removed from documentation to be used for loans that will be subject to the ban,” said Alan...

Since the housing bust, the Federal Reserve has purchased roughly $1.1 trillion of MBS backed by Fannie Mae, Freddie Mac and Ginnie Mae.

HUD wants the authority to fix the government's ailing reverse mortgage program.

Boosted by acquisitions from Homeward Residential and Residential Capital, Ocwen Financial handled a whopping 33.7 percent share of the subprime mortgages outstanding at the end of the first quarter of 2013, according to a new ranking by Inside Nonconforming Markets. Three major special servicers are in negotiations to acquire more than $300 billion in unpaid principal balance of mortgage servicing each in the next year. While the servicers have broadened their focus to include ... [Includes one data chart]