Roughly $4.0 billion, or 72.7 percent, of Nationstar's production came through its consumer direct channel. Purchase loans represented 24 percent of originations.

At the recent annual convention of the Mortgage Bankers Association, trade group chief Dave Stevens said originators are being discouraged from lending to some first-time homebuyers.

During his career, Cotton has worked for Freddie Mac, Bank of America and Sterling Savings Bank, among others.

The four megabanks had significantly greater earnings as a group: $2.684 billion, but the gain was slightly lower, 21.2 percent.

Through the first nine months of 2016, Freddie Mac earned $2.97 billion. It lost $354 million in 1Q and then turned around and posted a $993 million profit in the second quarter.

The research firm also cites what it calls a “lack of transparency regarding fundamental business and accounting drivers”…

In an interview with IMFnews, Freddie CEO Don Layton defended the GSE’s move toward automated appraisals…

Pingora Loan Servicing, Matrix Financial Services and Arvest Bank were the top acquirers of GSE servicing through co-issuance over the first nine months of the year.

Earlier in the year, the IRS said it planned to strengthen the protections for e-services accounts by requiring a stronger identity verification process for existing and new accounts.

The NPLs are being offered on behalf of a residential loan asset manager…