Meanwhile, Rep. Maxine Waters, D-CA, issued a statement Thursday morning, defending the CFPB...

Purchase loans accounted for a whopping 61.9 percent of the agency MBS market in May…

“Will we see the loanDepots of the world jump in?” he asked rhetorically. “There’s a lot of top lenders out there looking for innovative products to offer,” Pollock noted and left it at that.

The account fabrication scandal had nothing to do with mortgages, a market that Wells Fargo dominates both as a lender and servicer.

Houlihan Lokey was PCM’s advisor on the sale.

PwC estimates that by the early 2030s, up to 38 percent of existing U.S. jobs will be susceptible to automation from robotics and artificial intelligence.

SFR transactions are expected to increase as investors rely more on leverage…

The deal was six-times oversubscribed, a positive for this young market...

PennyMac sourced 92.7 percent of its government-insured loans from correspondents…

The real story is whether more modest alternative measures will be forthcoming.