One technology source told IMFnews: “I know a few LOS [providers] that are still correcting payment calculations.”

Anyone familiar with equities knows that shorting stocks can be a dangerous game. Then again, it's Ocwen...

On a year-to-date basis, total MBS and ABS issuance was up 37.7 percent from the first nine months of 2014.

Sources told IMFnews that one large loan origination system (LOS) vendor was struggling to make programming deadlines ahead of the TRID rule, a situation that had caught the attention of the CFPB.

One of the MI’s key products is lender-paid mortgage insurance, which has come under regulatory scrutiny.

One of the defendants, Intercontinental Capital Group, Bohemia, NY, has already settled and will pay $424,859.

Failure to deposit borrowers’ escrow amounts into custodial accounts at the time of securitization or pool transfer is the most common fault committed by Ginnie Mae issuers, according to compliance experts. In particular, such oversights accounted for 24.7 percent of findings of compliance reviews conducted between Sept. 3, 2013, and Aug. 17, 2015. Ginnie requires that borrower escrow amounts be deposited in a “timely” manner, which is defined as within 48 hours of pool securitization, explained experts at the recent Ginnie Mae Summit conference in Arlington, VA. Approved Ginnie Mae issuers undergo...

Some have suggested that it’s no wonder that several mortgage company owners – including those who control specialty servicers – are contemplating selling their companies.

The IG was actually looking into possible down payment assistance violations at another lender and decided to audit loanDepot because of its high volume of loans with those features.

One industry observer who anticipates a big-margin vote indicated he expects the bill will split rank-and-file Democrats from their leadership caucus.