All of the mortgages Clayton reviewed for the MBS are safe harbor qualified mortgages.

Compared to the same period a year ago, servicing balances have fallen by 19.5 percent.

In late May, Walter disclosed in an SEC filing that some of its previously issued financial statements could not be relied upon because of what it called an “accounting error.”

It’s unclear whether the CFPB will appeal the decision. Bureau officials declined to comment.

Walter Investment filed a WARN notice with the Texas Workforce Commission, saying it will close its Irving, TX, office and cut 437 workers...

Bank of America once again reported the biggest volume of residential loan repurchases: $421 million…

Specialty servicers Ocwen and Ditech Financial ranked third and fifth, respectively, in mortgage complaints during the first six months of 2017, according to Inside the CFPB.

Walter, the parent of Ditech Financial, said it expects to “acknowledge receipt” of the compliance violation and “notify the NYSE of its intention to seek to cure the deficiency…”

Under the proposal, the CFPB would increase that threshold to 500 loans through calendar years 2018 and 2019…

Agency mortgages produced by mortgage brokers actually rose 4.4 percent in the second quarter, even as the overall market was falling 6.1 percent.