A shift in recent years in servicing from banks to nonbanks has been pinned on the capital treatment for bank holdings of mortgage servicing rights, among other issues. However, a survey conducted by the American Bankers Association found that few small banks are selling MSR due to capital standards or other regulatory requirements. The ABA surveyed 159 banks as part of its annual real-estate lending survey. About 76.0 percent of the participating institutions had assets of less than $1.0 billion. Only 2.0 percent of respondents said...

As might be expected, Rep. Jeb Hensarling, R-TX, chairman of the House Financial Services Committee, did his best to pummel the CFPB and its Director Richard Cordray during a hearing Wednesday.

The Fed owns roughly $1.7 trillion worth of agency MBS. But don’t expect any wholesale dumping to take place…

Employee turnover is becoming a trend at Walter. Two weeks ago, the company's chief legal officer Jonathan Pedersen resigned.

In an interview, Ocwen’s chief compliance officer said: "We are a fully-transformed company and very anxious to break away from some of the regulatory constraints..."

The media call with Barney Frank was sponsored by the Constitutional Accountability Center, which assisted scores of current and former Democrat members of Congress in filing an amicus brief in defense of the CFPB.

It appears the Trump White House is once again seriously considering Pam Patenaude to be the deputy HUD secretary...

The CFPB noted: “The bureau’s constitutionality has been challenged frequently, but has yet to be addressed by a court of appeals…”

The ultimate goal of the LRS is to reduce lenders’ liability risk and minimize overlays…

Pete Mills of MBA said the revised policy was intended to “take some of the economics out” of serial refinancing…