DFA also created the Consumer Financial Protection Bureau, an agency that seems almost universally loathed by the mortgage industry.

How disruptive were MSR ‘marks’? The nine nonbank lenders tracked by Inside Mortgage Trends reported a combined $510.0 million loss in the first quarter…

When Freddie recently unveiled a first-quarter loss due to hedges affected by falling interest rates, MBA chief Dave Stevens issued a statement once again calling for Congress to enact housing-finance reform, but said nothing about the issue of zero capital.

The average credit score for purchase loans securitized last month was 749.7, the first time that measure has been below 750 in over two years.

“This is a seminal change,” one GSE observer told us.

The attorneys noted: “The CFPB declined to state what the forms do represent, if anything.”

At March 31, the Anaheim, CA-based FCI had $4.2 billion of servicing contracts on its books.

KBRA noted that most nonbanks with large holdings of MSRs don’t hedge large swaths of their portfolios…

M&T Bank doesn’t even rank among the top 50 FHA-direct lenders in the nation, according to a recent ranking by affiliate publication Inside FHA/VA Lending...

“The QM rule needs to stand on its own two feet … The FHFA should not be in charge of setting national mortgage underwriting,” said MBA chief Dave Stevens.