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New CFPB Memo Solidifies Mulvaney’s Edict to Respect the Rights of Financial Service Providers

January 24, 2018
Thomas Ressler
CFPB's Mulvaney: “If the CFPB loses a court case because we pushed too hard, we simply move on to the next matter. But where do those that we have charged go to get their time, their money, or their good names back?”
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GSE Servicing Market Became More Top-Heavy in Fourth Quarter

January 24, 2018
John Bancroft
Chase Home Finance still held second place in the GSE servicing arena, though its portfolio has been shrinking slightly…
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Investor That Settled Insider Trading Charges Amasses a 10-Percent-Plus Stake in Ocwen

January 24, 2018
Paul Muolo
Ocwen is trying to put its regulatory problems in the rearview, while focusing on being a subservicer…
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An Origination Gain for Flagstar Bancorp, but Company Posts Loss Because of Tax Bill

January 23, 2018
Paul Muolo
Flagstar's serviced-for-others portfolio increased to 442,000 loans from 415,000 in 3Q17, but a large chunk of that represents subservicing arrangements.
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HomeStreet’s Originations Declined in 4Q, but Mortgage Net Income Boosted by Tax Changes

January 23, 2018
Brandon Ivey
HomeStreet ranks 41st among all residential lenders, according to Inside Mortgage Finance…
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A Boom Year for Mortgage Servicing Transfers, Though 4Q Cooled Somewhat

January 22, 2018
John Bancroft
The bulk market was dominated by New Residential Mortgage…
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Under Mulvaney, the CFPB May Go Easy on Lenders – but the States Certainly Won’t

January 22, 2018
Thomas Ressler
Compliance attorneys strongly suggested now is not the time for mortgage companies to let their guard down.
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The Money Source Poised for a Production Boom, Wants to Hire 134 LOs

January 22, 2018
Paul Muolo
The Money Source wants to hire 134 retail loan officers this year and 60 account executives…
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Redwood’s Net Income Increased as the REIT Boosted ‘Expanded-Credit’ Activity

January 22, 2018
Brandon Ivey
Redwood said profit margins exceeded its "long-term expectations" of 75 to 100 basis points...
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Most Large Banks Report a Production Decline for 4Q17

January 19, 2018
Paul Muolo
The lone bank bucking the trend was U.S. Bank, Minneapolis, which funded $12.5 billion, a 3.3 percent improvement from the prior period.
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