The plaintiffs allege the net worth sweep of the GSE profits is the clearest manifestation of the FHFA’s “overarching policy” to operate Fannie and Freddie for the exclusive benefit of the federal government.

At PennyMac, Stan Kurland’s departure is tied to succession planning of a lender/servicer that has produced solid profits the past few years...

JPMorgan Chase ranked first among all non-agency jumbo originators in 1Q17, funding $10.88 billion in product. Wells Fargo was second…

Franklin also expanded guidelines to allow for cash-out refinance transactions on investment properties.

On average, the loans that Fay Servicing boards are more than 700 days past due.

At March 31 Seneca’s residential servicing portfolio totaled $61.75 billion, making the company the nation’s 25th largest processor of loans.

With the Opes transaction, Flagstar acquired 39 retail offices on the West Coast, supplementing the 99 retail branches it already had in Michigan and 43 other retail home lending offices across the nation.

Meanwhile, Rep. Maxine Waters, D-CA, issued a statement Thursday morning, defending the CFPB...

Purchase loans accounted for a whopping 61.9 percent of the agency MBS market in May…

“Will we see the loanDepots of the world jump in?” he asked rhetorically. “There’s a lot of top lenders out there looking for innovative products to offer,” Pollock noted and left it at that.