When asked why he thought non-QM lending has been so weak he said, “The consumer is resistant to the pricing.”

CFPB Director Richard Cordray overrode a $6.4 million penalty set by an ALJ in the matter and ordered PHH to pay $109.2 million...

Banks, thrifts and credit unions reported a slight uptick in the amount of unused HELOC commitments compared to the end of last year.

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

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

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

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...

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

One of the departing executives at Nationstar Mortgage used to work at JPMorgan Chase, Fannie Mae and Macquarie Bank…