Servicers must round up eligible customers and present offers by October 15 of this year.

Meanwhile, BofA’s “legacy assets and servicing” unit lost $40 million in the first quarter of 2016.

Wells reported mortgage banking non-interest income of $1.6 billion for the first quarter, a $62 million decline from the prior period.

Private mortgage insurance firms adjusted their pricing in early 2016…

The flow of home loans covered by private mortgage insurance into new Fannie Mae and Freddie Mac mortgage-backed securities fell by 11.5 percent during the first quarter of 2016, according to a new Inside Mortgage Finance analysis and ranking. That decline mirrored the 11.6 percent drop in purchase-mortgage securitization from the fourth quarter by the two government-sponsored enterprises. A slight uptick in refinance activity partly offset the slide in purchase-mortgage business. Private MIs do...[Includes two data tables]

With steady growth over the past four years, nonbank mortgage servicers should have more regulatory oversight, according to a recently released study by the U.S. Government Accountability Office. Several agencies, including the Conference of State Bank Supervisors and the Federal Housing Finance Agency, agreed with that recommendation. The share of home mortgages serviced by nonbanks tripled from 2012 to midyear 2015, growing from approximately 6.8 percent to 24.2 percent, the GAO said. The GAO recommended...

If Jamie Dimon really cares about the pain suffered by his customers, he may want to keep his default management servicing inhouse…

Maybe one of these days JPM will exit mortgages entirely. But for now, Jamie Dimon is staying put...

Because of continuing problems in implementing the TRID integrated disclosure rule, lenders have not been able to focus on the new HMDA requirements...

Four of the five largest IO lenders in the group are commercial banks…