MBA chief Stevens said he and a “certain group of individuals” met with the HUD secretary last Friday to discuss the topic.

Some 71 lenders are contributing loans to the deal, led by Stonegate Mortgage with a 6.9 percent share.

The CFPB alleged that expense accounts were really “point banks” and that payments in the form of bonuses and commissions were based on mortgage profitability...

The Texas Republican blamed the CFPB and DFA for raising prices and “cutting off" access to mortgages…

Last year, loan production turned out better than many anticipated...

While nonbanks have taken a much bigger share of the servicing market, the top-ranked subservicer is Cenlar, a New Jersey-based savings bank.

Through the first half of 2015, banks and thrifts sold $364.35 billion of home loans, up 37.8 percent from the same period last year.

One industry observer saw the development as indicative of growing nervousness that the CFPB may be putting its Democrat allies on Capitol Hill in an awkward position...

Rushmore is licensed in all 50 states, Washington DC, and Puerto Rico. It has offices in Irvine, Dallas and San Juan, PR, where it services roughly $1 billion in assets...

“We’ve found all kinds of different violations,” said CFPB Assistant Director for Supervision Policy Peggy Twohig.