Wells said the CFPB and OCC have asked the megabank for a $1 billion settlement in the matter.

Now comes the big question: How many more MB Financials are out there?

To date, Spencer Stuart, the search firm working to find a successor to Mortgage Bankers Association President and CEO Dave Stevens, has contacted roughly 40 different men and women, according to industry officials who claim to have knowledge of the process. For the most part, MBA wanted to cast a net as wide as possible, approaching current and former members of Congress, trade group officials, lobbyists and senior and veteran industry executives. Included in the initial search ...

The upside for private MIs is that their purchase business started off 2018 at a more robust level than last year…

SG Capital Partners focuses on loans with higher balances than other nonprime MBS aggregators.

On the plus side, Wedbush sees mortgage servicers and home builders benefitting…

Rep. Maxine Waters, D-CA, the ranking member of the panel, would not acknowledge that Mulvaney is the head of the agency but asked him questions anyway.

Wertheimer testified that during her tenure, the FHFA-OIG has issued 85 reports and made 117 recommendations to address supervisory shortcomings.

With GSE reform all but dead, rumors about possible administrative changes abound...

Fitch said the $3 billion reserve should be sufficient to cover income volatility during “the normal course of business, as seen when interest-rate volatility results in valuation adjustments within the GSEs’ derivative portfolios.”