A number of lenders, including Wells Fargo, offer jumbos that allow for downpayments of about 10 percent.

Walter, the parent of Green Tree Servicing, also marked up the fair value of its servicing portfolio by $59.3 million.

In general, most nonbanks exited the second lien arena in the wake of the financial crisis.

In trading Monday, investors were not treating AAMC’s stock kindly.

Will the industry see a flood of nonbanks into the second lien market?

The bank said it is cooperating with the two investigations, which could result in treble damages under The False Claims Act.

The brunt of the new revenue also looks as though it will be collected from mortgage borrowers.

The new jumbo deal from Shellpoint includes originations from New Penn along with contributions from 30 other lenders.

Brian O’Reilly, president of The Collingwood Group, believes the CFPB is out of control with its regulatory crackdown...

Servicing employment has been under pressure the past few years as loan processors such as Ocwen Financial, Nationstar Mortgage and others move to offshore as many back office workers as possible.