Federal regulators should craft capital requirements for nonbank mortgage companies that emphasize areas of risk that demand adequate capital and profitability, such as lending and mortgage securitization, instead of areas that are more connected with operational efficiency and compliance, such as loan servicing, according to the Kroll Bond Rating Agency. The Federal Housing Finance Agency is trying to determine how much capital a nonbank mortgage company involved in lending, securitization and/or servicing needs in order to minimize the potential risk to the government-sponsored enterprises, while Ginnie Mae is researching the risk posed by nonbank issuers. “How much capital does a nonbank seller/servicer need...

Altisource Portfolio Solutions has rolled out a new operating platform for brokers, table funders and third-party vendors.

One observer familiar with Stegman’s remarks said, “I think it’s clear that he likes what Redwood is doing in the system.”

Sen. Richard Shelby, R-AL, agreed with Warren’s criticism of the government’s failure to prosecute individual bankers, but he faulted the Department of Justice, not financial regulators...

"Wellington's going to do what Wellington's going to do," said one observer of the stock sale.

We understand that when stock analysts meet with Ocwen management, executives at the nonbank usually tell them to not even ask about the deal.

Bank of America was once again the buyback king at the midway point in 2014.

The CFPB also is working with other regulators to help ensure consistency in their examinations of mortgage lenders...

As reported by IMFnews, 18 current members are affected by the proposed ban on captives, seven of which are mortgage real estate investment trusts.

Roughly 25 percent of lenders said they hope to enter the home equity lending market over the next 12 months.