No mortgage-related misconduct was alleged in the bureau’s latest action, but servicers shouldn’t take much comfort from the omission...

It’s not every day that a Federal Home Loan Bank tells one of its members to reduce its credit facilities...

In a recent report, Freddie Mac economists said subservicing likely will “persist and perhaps grow.”

Clayton said the outlets’ analysis didn’t include factors such as a borrower’s credit score, downpayment, loan size, collateral and land type...

The banks completed 22,459 proprietary mods in the third quarter, down 25.4 percent compared with the previous quarter...

In an interview with IMFnews, John Hsu talked about Angel Oak’s $150 million subprime deal, noting that there is a “huge amount of support for this.”

The bank's expansion into government lending comes after a noticeable decline in its share price...

No purchase price was disclosed. The deal was first hinted at Friday on IMFnews.

The BofA spokesman, when asked by Inside Mortgage Finance whether the bank will deliver fewer loans going forward, declined to comment.

Greenleaf Income Trust this week priced a $135 million non-agency, nonprime MBS, the largest such offering since the housing bust. It marks the second nonprime MBS sold in the past week, and the fourth deal of the year – all of them sold as private placements with no ratings. Mike Fierman, managing partner and CEO of Angel Oak Companies, which is affiliated with Greenleaf, told Inside MBS & ABS he’s pleased with the outcome of the security. “We had broad investor participation and the transaction was oversubscribed.” Fierman said...