The CFPB and the Maryland AG also took action against former Wells Fargo employee Todd Cohen and his wife, Elaine Oliphant Cohen, for their alleged involvement.

Standard & Poor’s agreed this week to a settlement with the Securities and Exchange Commission and two state attorneys general regarding ratings on commercial MBS and non-agency MBS. Regulators suggest that further actions involving the ratings services are in the works, likely including a much larger settlement with S&P regarding activity before the financial crisis. S&P’s settlement this week involved post-2010 activity. The rating service agreed to pay the SEC and attorneys general for New York and Massachusetts more than $77 million. S&P will also take a one-year “timeout” from rating conduit/fusion commercial MBS. “They lied...

Just because a notice of default is signaled, that doesn’t mean the trustee has to yank the servicing away from Ocwen.

As part of the settlement, the DBO will drop its effort to suspend Ocwen’s license in the state.

Just over $224 billion of mortgages to first-time homebuyers were included in agency MBS issued in 2014, according to figures compiled by IMF.

First Republic Bank is the top contributor to Redwood's new jumbo deal with a 31.7 percent market share.

Sources familiar with the situation said Carroll began spreading the word about his departure last week.

Compass Point Research told clients that the case not only directly affects mortgage originators, but has implications for other lending sectors as well.

Other investment bankers who work the MSR market said declining interest rates and the “Ocwen” effect are hurting values.

Roughly 90 percent of the time, residential loan officers never see the end mortgage customer, according to several weeks’ worth of interviews conducted by Inside Mortgage Finance. However, few in the industry think it’s a problem. “We have the technology not to see our applicants,” said Jim Picard, vice president of home loans for Denali Alaskan Federal Credit Union. The technology that Picard and others refer to is...