Redwood posted just $2 million in income from residential mortgage banking activities in the first quarter.

On the plus side, the publicly traded nonbank funded $4.2 billion during Q1, a 16 percent sequential improvement.

In the first quarter, Freddie Mac's net interest income rose on a sequential basis by a mere 2 percent to $3.647 billion.

Fannie Mae reported Tuesday that the GSE issued $10.4 billion of multifamily MBS in the first quarter of 2015, primarily through its delegated underwriting and servicing program.

“Some companies were proactive in addressing these deficiencies in a timely fashion while others' control structures remained problematic,” the MMC said.

Quicken is controlled by Michigan businessman Dan Gilbert, who has been aggressively purchasing Detroit area real estate the past few years.

Hatteras held $123.3 million of jumbo ARMs at March 31, a 296 percent increase over three months.

Late last month, Sterne Agee rated Altisource an “underperform,” which is a nice way of telling investors to sell the stock…

Green Tree Servicing entered into a $48 million legal settlement with the CFPB and Federal Trade Commission last week after being accused of botching loan modifications on servicing transfers and harassing and threatening overdue borrowers. In addition to coughing up the $48 million, the nonbank will pay an additional $15 million penalty for what the CFPB called its “illegal” actions. The settlement, ironically, came just a few days after Green Tree – a subsidiary of the publicly traded Walter Investment – was given top grades by Fannie Mae for customer service and foreclosure prevention activities. To make amends, not only must the company compensate borrowers, but it will face “rigorous servicing transfer” requirements from regulators. In a statement on the settlement, the ...

CFPB, Justice Department Engaged in Fair-Lending Investigations. The Department of Justice’s Civil Rights Division was engaged in 10 joint fair- lending probes with the CFPB at the end of 2014 as the result of referrals from the bureau, according to a recently released report to Congress. In five of the probes, the parties were in the midst of pre-suit negotiations, the report indicated. “In addition, seven joint investigations with the CFPB, which were initiated before 2014, are ongoing,” the report continued.The division received a total 18 referrals in 2014: 15 from the CFPB and three from the Federal Deposit Insurance Corp. Of those 15 referrals from the bureau, seven had to do with issues of race/national origin, three with ...