In February, SoftBank agreed to buy Fortress for roughly $3.3 billion in cash.

With just over 4.5 million mortgage borrowers potentially affected by hurricanes Harvey and Irma, a secondary market is beginning to develop for mortgages that were originated and closed prior to the storm – but had not yet been placed into a security. According to bidders in the market, the early action focuses on loans that are “stuck” on warehouse lines. But the mortgages cannot be securitized until the property (if damaged) can be brought up to code and re-inspected ...

Joshua Rosner, managing director of Graham Fisher & Co., said his discussions with Trump officials and members of Congress suggest that the administration’s reform principles won’t be released until early next year…

During 3Q, New Residential agreed to buy $3 billion of “flow” servicing rights from an unnamed seller.

CRT deals may be popular with legislators since they “de-risk” Fannie and Freddie, but over the long haul the transactions reduce profits for the GSEs, or so critics have charged…

The CFPB plans to develop and maintain technology solutions for coordinating supervisory information...

But what about Watt? His term as director of the Federal Housing Finance Agency ends in early 2019...

FHA Commissioner Nominee Brian Montgomery: “To be clear, fraud and misrepresentation have no place in any industry … but I wonder if we haven’t gone too far.”

One dealmaker, requesting anonymity, added: “Why not just sell servicing on eBay? There are reasons the market for servicing is wired as it is.”

Currently, the bureau does not permit title insurance companies to disclose available discounts…