Deal makers that buy and sell MSR assets said the Senate tax language could transform the mortgage business, creating leverage for aggregators...

Depending on the judge’s decision, the losing party will appeal…

Some legal observers believe if Trump had acted first and not hesitated in picking Mulvaney, English would never have been named by Cordray and this whole mini-crisis avoided.

Galante called for stronger capital reserves that could withstand the level of economic stress of the last recession.

The lender/servicer is expected to name a successor to Ashmore shortly…

OMB Director Mick Mulvaney arrived on G Street Monday morning, carrying a brown shopping bag and declaring he was the acting director of the CFPB…

Meet the CFPB's new boss – he's nothing like the old boss...

The White House, though, expects English to show up for work Monday morning as deputy director – and not acting director.

It’s been almost a week since the biggest staffing news to hit the mortgage industry this year – the early departure of Richard Cordray from the Consumer Financial Protection Bureau – and the Trump administration has yet to name either a permanent replacement or even an acting director. Legal uncertainty may be the reason why.

Any chance of a mortgage-insurance premium reduction in the near future has dimmed in the wake of an actuarial report placing the FHA insurance fund on shakier ground at the end of FY 2017. One clear thing from the report released on Nov. 15 was that FHA’s flagship single-family home mortgage program continued to grow stronger with an economic net worth of $38.4 billion in fiscal 2017. In contrast, problems persisted in the Home Equity Conversion Mortgage portfolio, driving the program’s economic value down by another $6 billion to negative $14.5 billion. The drag HECM losses inflicted on the MMIF has renewed calls to separate the ailing portfolio from the fund, which can only be accomplished by legislation. Right now, the reverse mortgage issue is not even on Congress’ legislative agenda. HECM losses also caused the fund’s economic net worth and capital reserve ratio to decline in fiscal year ...