Sources told IMFnews that the CFPB was seeking a settlement in the range of $50 million from the servicer...

MUFG Union Bank of California, which relies heavily on jumbos, saw loan production fall on a sequential basis by just 4.4 percent, the best showing among the top 50, Inside Mortgage Finance found.

Other servicing-related issues identified include premature foreclosure filings, mishandling of escrow accounts, incomplete periodic statements and dual tracking.

Chuck Klein of Mortgage Banking Solutions said M&A activity is “hopping along pretty good these days.”

The VA Loan Guaranty Service wants to hear from stakeholders…

The range on the flow or co-issuance arrangement is $35 million to $50 million per month.

In general, 2016 was a banner year for loan production with some publicly traded nonbanks turning in their best results ever – and thus rewarding their top executives handsomely. According to an analysis of available proxy statements by Inside Mortgage Finance, Penny Mac Financial Servicers founder and Executive Chairman Stanford Kurland was the industry’s top earner at $9.12 million in 2016. His firm – the nation’s number-four ranked originator – had a good year: net income of $336 million, a 26.0 percent improvement from the year before. Back in 2015, Kurland took...[Includes one data table]

PHH Corp. releases its first quarter results the second week of May.

It’s still early in the reporting season, but when it comes to home lending, nonbank executives seem more optimistic than their depository peers…

Roughly $12.50 billion of agency mortgages securitized during the first quarter with some form of primary MI were tied to Golden State properties.