Over the past two years, PHH has sold off large chunks of its MSR portfolio, while remaining as the subservicer of record…

The ruling is a huge win for the mortgage industry, said former CFPB attorney Benjamin Olson, now a partner at the Buckley Sandler law firm…

DOJ notes that “over the last several years” there has been a record increase in qui tam (whistleblower) actions filed under the False Claims Act...

Flagstar contributed $1.02 billion to jumbo MBS last year, or 9.4 percent of the total market…

DeVito will report to Mary Mack, senior executive vice president of community banking and consumer lending.

The only firms that are feeling overly bullish are nonprime shops such as Angel Oak and Citadel Servicing…

According to a new SEC filing, the unsecured notes previously matured in 2021 and carried a yield of 7.88 percent.

One advisor familiar with the situation called the hiring of Samples and a recent batch of layoffs at FGMC, “a clean sweep of the corporate suite.”

Industry consultant Joe Garrett: “Commissions to retail loan officers are still just about the biggest expense in the industry.”

MGIC said the origination of such loans accelerated last summer when Fannie Mae eased guidelines on loans with 45 percent and above DTI.