After being indicted for loan fraud in 2012, Abacus Federal Savings Bank was acquitted of grand larceny and conspiracy charges last week that stemmed from a case brought by the New York District Attorney’s office that involved Fannie Mae. The small Manhattan-based bank, which primarily serves Chinese-Americans in the New York region, was accused of mortgage fraud and falsifying documents and then selling those faulty mortgages to Fannie from 2005 to 2010. Following a four-month trial and nine days of deliberations, a New York jury acquitted...

In recent years there has been speculation that Nationstar would spinoff Solutionstar, but officials at Nationstar now see Xome as a way to differentiate the nonbank from other lenders.

In general, companies whose sole mission is to originate and service residential mortgages are the most shorted stocks in the sector...

McCoy works in Nationstar’s servicing department, DeYoung in administration.

According to the consent order in the case, Ocwen had a history of ignoring the agency’s document requests...

One source said Nomura also was providing warehouse credit to Angel Oak.

During May Quicken ranked second among all GSE sellers with 68.2 percent of its business going to Fannie Mae.

Servicing profits were generally down in the first quarter as many companies reported negative effects resulting from interest rate volatility.

The survey also found that about 90 percent of loans originated by banks were QM compliant compared to 84 percent last year...

Calls to nonbanks from Inside Mortgage Finance revealed a great deal of interest in the Citadel product...