Of the top five mitigated findings, two were related to borrower assets, two were about documentation and one about borrower credit.

The attorney who argued the case for PHH is Theodore Olson, former Solicitor General of the United States.

A four-year veteran of the bank in California, this mortgage loan officer said he never felt any type of pressure to cross sell other Wells products either.

Five deals were issued during the quarter, led by a $2.65 billion MBS from Chase that combined mortgages eligible for sale to the government-sponsored enterprises and jumbo loans.

CFPB critics may want to hold off on doing any celebrating...

No huge gains for PHH's share price...

The search for a successor to S.A. Ibrahim is well underway…

The judge in the case suggests that the CFPB director has more unchecked power than anyone in government with the exception of President Obama.

Wells Fargo was the top ARM lender in the second quarter with $5.76 billion in originations.

Ginnie Mae requires that all loans in its MBS pools have federal insurance or a federal guarantee.