We can only assume Sen. Warner knows Freddie Mac is headquartered in his state, which means the company’s employees are his constituents.

Flanagan once headed Cove Financial, which offered a unique rent-to-own product.

For most of the past decade, nonbank residential lenders have eschewed the idea of owning or being affiliated with a federally insured depository for fear of being over-regulated in an already heavily regulated business. But the tide could be turning. Movement Mortgage CEO Casey Crawford this spring bought a controlling interest in First State, a small Virginia bank. Separately, fintech lender Social Finance recently filed an application with the Utah Department of Financial Institutions to open a depository there. SoFi, which branched out from its consumer and student loan business into mortgages, also filed an application with the Federal Deposit Insurance Corp. for deposit insurance coverage. For now, both Crawford – a former professional football player – and the San Francisco-based SoFi aren’t...

But before you can shout “Let’s make America great again” there are some caveats to consider...

Bank of America continued to dominate second lien lending with $4.05 billion of originations during the first quarter of 2017…

Nationstar, in particular, has been aggressive in scouting for subservicing clients, and scored a big coup in January…

According to resumes posted on LinkedIn, Stamos had no direct mortgage lending experience whatsoever, nor did his co-founder Ori Zohar.

One industry consultant who expects a lot of activity this year is David Lykken, president of Transformational Mortgage Solutions.

The Nationstar news begs another question: Will Ocwen Financial, which employs thousands of servicing workers overseas, follow suit?

Not all depositories are retreating from the MSR market. The credit union industry reported a combined $197.6 billion in mortgage servicing for others at March 31, up 1.5 percent…