On the issue of mini-correspondent lending, a group of secondary market investors has offered alternative criteria it recommends the CFPB use...

DOJ cites an email written by a Quicken divisional vice president for underwriting who brags that the lender has a team that is “responsible to pushback on appraisers questioning their appraised values.”

Most of Sen. Grassley's inquiry focused on transparency and whether the president invoked executive privilege over some of the documents pertaining to the third amendment to the PSPAs...

The top contributor to the new Credit Suisse jumbo deal is New Penn, which is controlled by MBS co-inventor Lew Ranieri.

The costs for appraisals for home purchases have increased in recent years, according to some real estate agents responding to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey, with blame being placed on appraisal management companies. “Many agents report that appraisal costs have risen and AMCs’ overhead may be responsible,” said Tom Popik, research director of Campbell Surveys. While lenders aren’t required...

An anonymous group of veteran players in the mini-correspondent channel is pushing the Consumer Financial Protection Bureau to update the guidance it issued for the sector last year. The investor group, which purchased more than $8 billion in loans from mini-correspondents in 2014, offered alternative criteria it recommends the CFPB use instead when trying to determine if an entity has in fact made the transition from mortgage broker to correspondent lender. The CFPB issued...

Five Oaks will retain all the subordinate classes, the servicing rights and the IOs.

Most of the slack is being taken up by nonbanks, which serviced $1.571 trillion of agency MBS at March 31.

Many real estate agents report that appraisal costs have risen and AMCs’ overhead may be responsible...

Most of Altisource's business is tied to Ocwen, which is in the process of ridding its servicing portfolio of agency loans.