Texas Capital BancShares recently unveiled a new correspondent acquisition program, but it’s not the loans per se that the bank is after – it’s the servicing rights attached to them. “They want to be in the servicing business,” said Chuck Klein, managing partner at Mortgage Banking Solutions. “The reason you enter the correspondent business is to get at the servicing rights. They’re in a great position to do a lot of business.” As for the details, the industry will...

State regulators have proposed changes to Nationwide Mortgage Licensing System & Registry licensing forms and call reports that would be a mixed bag for lenders, addressing some concerns while adding new reporting requirements. The proposal from the State Regulatory Registry, a subsidiary of the Conference of State Bank Supervisors, comes two months after an initial request for comments regarding NMLS licensing forms and the mortgage call report (MCR). Comments on the proposal are due Aug. 20. State regulators stuck...

Purchase mortgages accounted for 58 percent of EverBank's originations in the second quarter.

The regulator determined that consumers were lured with deceptive promises of savings and misled about when their payments would be applied.

Are more lenders considering selling their companies because of large potential fines they’re facing from the CFPB and HUD?

“The question was a surprise to many investors and resulted in clients questioning whether a CFPB crackdown in the timeshare market was ahead,” writes Compass Point analyst Isaac Boltansky…

Meanwhile, the thrift’s gain-on-sale profit totaled 121 basis points compared to 127 in 1Q and just 82 in the second quarter of 2014.

Recently the company opened a new branch office in Anaheim, CA, bringing to 38 the number of C&C branch offices across the nation.

PennyMac increased its servicing portfolio to $136 billion at June 30, an 18.2 percent sequential gain.

As the summer moves along, servicing auctions of all different sizes keep coming...