The CSP joint venture is staffed and “no longer living like poor cousins” at the GSEs themselves.

When the CFPB assumed RESPA enforcement from HUD in July 2011, it pledged to apply its predecessor’s official commentary, guidance and policy statements until further notice, the brief argues.

On a year-to-date basis, new ABS production was down 4.5 percent from the first nine months of 2014.

Firms looking to take over those branches from Stonegate include Skyline Home Loans and Prospect Mortgage...

Finally, the jumbo MBS drought is over, or will be by the end of next week.

The share price of Walter Investment Management Corp. tumbled just over 7 percent in trading midweek on no news...

Members of the Ziroli family, which owned the lender/servicer, could not be reached for comment.

The theme Cressey and other experts repeatedly drove home is that the industry can never get ahead of the threat.

Michael Fratantoni, chief economist at the Mortgage Bankers Association, said the GSEs’ back-end risk-sharing deals do not represent the type of reform most industry participants would like to see.

CFPB Director Richard Cordray had his turn next: “Prophets of doom have warned of delays in closings and the need for consumers to buy longer rate locks because of their failure, or perhaps refusal, tounderstand the requirements of the three-day waiting period,” he said.