The four megabanks had significantly greater earnings as a group: $2.684 billion, but the gain was slightly lower, 21.2 percent.

Through the first nine months of 2016, Freddie Mac earned $2.97 billion. It lost $354 million in 1Q and then turned around and posted a $993 million profit in the second quarter.

The CFPB also found that some banks used employees from a staffing agency who were not properly registered or licensed...

According to the offering circular, 82 percent of the underlying mortgages were sourced through loan brokers...

The research firm also cites what it calls a “lack of transparency regarding fundamental business and accounting drivers”…

In an interview with IMFnews, Freddie CEO Don Layton defended the GSE’s move toward automated appraisals…

The sale was brokered by investment banker Houlihan Lokey.

Pingora Loan Servicing, Matrix Financial Services and Arvest Bank were the top acquirers of GSE servicing through co-issuance over the first nine months of the year.

Earlier in the year, the IRS said it planned to strengthen the protections for e-services accounts by requiring a stronger identity verification process for existing and new accounts.

The NPLs are being offered on behalf of a residential loan asset manager…