The proposal, if issued, will allow credit unions to purchase MSRs as an investment.

It’s been slow going when it comes to the sale of mortgage companies. But 2021 shows some promise — as long as rates don’t tank again.

State regulators should propose thresholds to relieve smaller nonbank servicers from certain regulatory requirements, said the CHLA.

A revival could be underway in bulk MSR sales but the real fireworks may come in the first quarter of 2021. Pricing? It’s headed north, at least for GSE product.

She’s not a brain surgeon, but a Democratic legislator from the Rust Belt. Midweek, Joe Biden revealed Rep. Marcia Fudge as his pick for Housing secretary.

House Financial Services Committee Chair Maxine Waters, D-CA, wants various rules and regulations introduced during Trump’s presidency to be rescinded or replaced.

Mr. Cooper has agreed to pay more than $131 million to settle two separate investigations tied to servicing violations following the 2008 financial crisis.

Like in previous annual reports, the Financial Stability Oversight Council noted that nonbank mortgage companies can be more vulnerable to financial difficulties than depositories.

Regulatory reforms initiated after the 2008 financial crisis seemed to work as intended during the COVID-19 downturn, according to participants at the ABS East conference.

A tale of two mortgage stocks: A hedge fund buys into Flagstar while a PE firm backs away from Impac.