Will the last megabank left in the mortgage industry please turn out the lights...

The extended deadline also provides mortgage companies an opportunity to pursue loss mitigation before initiating foreclosure against a customer.

One observer called the $1.2 billion “chump change” for Wells.

We also are hearing reports that TRID errors and closing delays definitely will be affecting first quarter 2016 earnings, at least for certain nonbanks…

For lenders, the best scenario is that an arbitrator might rule in their favor, with a GSE reimbursing them for what Fannie and Freddie call “certain costs and expenses.”

Kvetching about mortgage servicing was down sharply too, off 23.1 percent compared with the third quarter.

The subservicer started charging the borrower various attorney fees after completing the modification and didn’t respond to the mortgagor’s questions about those fees in a timely matter...

Although Wells does not own the shares per se, it shows that some of the bank’s wealthier clients are speculating in Ocwen’s stock.

Super-jumbo lenders take note: Hugh Hefner’s Playboy mansion is now officially for sale.

One company that confirmed its interest in scratch-and-dent TRID loans is Mid America Mortgage.