One consultant said many lenders are now reviewing their MSAs and may follow the lead of Prospect.

Bank of America, ranked third, continued to unload servicing and pared its holdings by 8.9 percent during the second quarter.

Over the past few months, several high level executives have left Nationstar Mortgage.

The average loan balance in the package is $214,935.

But Garrett also noted: “Congress should kill the CFPB, or at least de-fang it, but until it does, total compliance is necessary.” That’s more like it…

Effective immediately, any Ginnie Mae issuer that wants to bring servicing in-house from a subservicer must get the agency’s prior written approval...

The regulator determined that consumers were lured with deceptive promises of savings and misled about when their payments would be applied.

Are more lenders considering selling their companies because of large potential fines they’re facing from the CFPB and HUD?

Lykken said he wants to transform "one company at a time."

“The question was a surprise to many investors and resulted in clients questioning whether a CFPB crackdown in the timeshare market was ahead,” writes Compass Point analyst Isaac Boltansky…