Advocates for GSE reform looking for savings in the federal budget will be disappointed...

When settlements are first reported rarely does the money change hands right away.

The OCC said two banks exited the residential mortgage business in 2014 and another two plan to exit in the coming year.

The subordinated debt deal will double the capital base of Skyline Lending.

The servicing monitor then hired an independent accounting firm, McGladrey, to retest Ocwen’s performance on a number of metrics tied to the national servicing settlement.

The monitor said Green Tree is working toward addressing issues that caused the servicer to fail eight metrics that were tested in the fourth quarter of 2013.

Moreover, CMLA wants lower guaranty fees for seller/servicers...

Executives at mortgage lending operations and other financial services providers are increasingly relying on the latest technology to get a better handle on consumer complaints filed with the Consumer Financial Protection Bureau, according to a recent survey by Aptean, an enterprise application software vendor based in Atlanta. “To minimize both costs and consumer friction, savvy financial institutions are leveraging technology to identify and manage the root cause of consumer complaints ...

What do Fannie and Freddie really think of nonbanks? Read their SEC filings.

Structured Finance Industry Group staff and some investor members met recently with the Securities and Exchange Commission’s Office of Structured Finance to talk about the initial reaction that investors had to the final Regulation AB II rule. Among topics addressed were market trends, operational aspects and scope of applicability of the final rule, according to an update SFIG provided its members recently. Meanwhile, the SFIG is...