One possible snag is the Consumer Financial Protection Bureau.

Wells Fargo Bank finds itself in yet another legal quagmire, accused of illegally making “stealth modifications” to mortgage payments of borrowers in bankruptcy without their permission – a charge the bank vehemently denies. A class-action lawsuit filed recently in the U.S. Bankruptcy Court for the Western District of North Carolina alleges that Wells Fargo made unauthorized mortgage modifications that neither the bankrupt debtors, their attorneys nor the bankruptcy court requested or approved. In some cases, 30-year loans were...

But before you can shout “Let’s make America great again” there are some caveats to consider...

Nationstar, in particular, has been aggressive in scouting for subservicing clients, and scored a big coup in January…

Sen. Warner noted the Trump administration is committed to doing something about the GSEs…

One industry consultant who expects a lot of activity this year is David Lykken, president of Transformational Mortgage Solutions.

The Nationstar news begs another question: Will Ocwen Financial, which employs thousands of servicing workers overseas, follow suit?

“We can’t futz around until October,” said attorney Richard Andreano…

Georgetown University law professor Adam Levitin notes, “In other words, this just ain’t a big deal.”

Bottom line: Nonbank mortgage firms don’t want another regulator to answer to…