James Fenkner says Calabria will be “constrained in his mission to dissolve Fannie and Freddie.”

At Sept. 30, banks and thrifts serviced $3.627 trillion of residential mortgages for others…

Fannie Mae has approved Neighborhood Loans, Lombard, IL, as a new seller/servicer...

Want to shrink Fannie and Freddie? Cut investor loans, then move on to cash-out refis…

Bank of America, the nation’s fourth largest mortgage servicer, appealed the case to the Supreme Court…

If Michael Bright is not confirmed in the current Congress, President Trump will have to re-nominate him...

The outstanding volume of mortgages serviced for other investors by banks and thrifts has been falling almost constantly in the aftermath of the financial crisis, but the third quarter of 2018 saw a relatively rare increase. Banks and thrifts serviced $3.627 trillion of residential mortgages for other investors – typically mortgage-backed securities trusts – at the end of September, according to a new Inside Mortgage Trends analysis of call-report data ... [Includes one data chart]

Observers note that CFPB nominee Kraninger has no track record in financial services…

Ocwen, which paid $360 million in cash for PHH, also disclosed: “The purchase price we negotiated contemplated PHH could continue to incur losses.”

Subservicing vendors ended the third quarter of 2018 with $2.33 trillion of contracts on their books, up 4.5 percent from June and 12.0 percent higher than a year ago, according to a new Inside Mortgage Finance ranking. [Includes one data chart.]