The regulator cautioned that a large downpayment alone isn’t sufficient to prove a borrower’s ability to repay a non-QM that is based on the consumer’s assets.

At this pace, you can expect that by yearend New Rez will be the nation’s second largest servicer, at least in terms of ownership rights…

On the news, Ocwen’s share price was up a stunning 37 percent on the day to $3.15.

First-time issuers and those that didn’t issue in the fourth quarter accounted for 56.1 percent of 1Q17 ABS production.

The Republicans made a big splash earlier this week promoting the Hensarling bill, motivating the Democrats to employ a parliamentary ploy that has not been used in the committee in 20 years.

Of the five states with the largest share of non-current mortgages, Mississippi ranked first with 9.70 percent…

A fair question: If there’s no federal guaranty on conventional MBS will the housing and mortgage markets tank?

Patenaude also served as HUD assistant secretary for community, planning and development during the George W. Bush administration.

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.