A major changing of the guard is now afoot in the mortgage industry...

Kittle was first approached by the White House nine months ago about the job.

Republicans are reportedly on board with the federal MBS guarantee but reluctant to backstop future guarantor entities…

More M&A deals are expected in the quarters ahead…

Upon Cordray’s announcement, Rep. Hensarling declared: “We are long overdue for new leadership at the CFPB, a rogue agency that has done more to hurt consumers than help them…”

Today, just three depositories remain among the top 25 HECM lenders: First Bank (ranked 16th at mid-year), The Federal Savings Bank (19th) and Quontic Bank, FSB (21st).

PIMCO also has been buying non-agency mortgages, holding the paper in one of the funds it manages.

However, a source familiar with the matter stressed that the GSE is merely considering a construction-to-perm product and nothing more.

Keep in mind, that one of the first things HUD did under Trump was to kill a planned MIP reduction...

The common thread in both cases is that Ocwen and PHH similarly assert that the CFPB’s structure is unconstitutional.