Although the bulk market has faced headwinds in recent weeks, the “flow” servicing market has been “robust,” Piercy said.

Many left-leaning politicians have complained that Wall Street executives got off the hook for the financial crisis...

The Blackstone Group, which has been gobbling up mortgage banking franchises of late, may have its eye on the mortgage insurance space. But for now it does not appear that it plans to rebuild what’s left of PMI Mortgage insurance as a going concern. As usual, the investment banker is saying little about what it plans to do with its “strategic investment” in The PMI Group, a once top-ranked MI that was placed into receivership back in 2012. PMI isn’t talking either. The investment, revealed last week, was made through the Blackstone Tactical Opportunities Fund. When the announcement was first unveiled, both analysts and MI professionals were left...

The Mortgage Bankers Association ended its last fiscal year in the black with $7.7 million in net assets, a marked improvement from the negative $3.8 million it had when the year began. However, according to a review of MBA’s past tax returns by Inside Mortgage Finance, the trade group has its work cut out if it wants to return to the halcyon days before the housing bust when it boasted $63.3 million in net assets, a cushion that was depleted thanks to the industry’s downturn and a disastrous investment in a new headquarters building back in 2010. MBA officials continue...

The CFPB’s QM standards currently don’t differ for loans held in portfolio or sold to other outlets.

Warehouse executives seem optimistic about the immediate outlook for the sector, though some expressed concern how a wave of M&A activity has reduced the number of potential clients.

UST did not identify the mortgage firm selling the product, but described it as “well capitalized” and in “good standing” with Ginnie Mae.

All issuers must comply with the revised requirements, which take effect immediately, in order to remain an eligible participant in the Ginnie Mae program.

It is unclear how many developments have expired approvals but the number could be significant, Shrum said.

Coester filed suit against the Virginia Real Estate Appraiser Board, charging that the regulator is engaged in “a conspiracy to restrain and monopolize trade” and is operating in violation of antitrust laws.