While nonbanks have taken a much bigger share of the servicing market, the top-ranked subservicer is Cenlar, a New Jersey-based savings bank.

Through the first half of 2015, banks and thrifts sold $364.35 billion of home loans, up 37.8 percent from the same period last year.

One industry observer saw the development as indicative of growing nervousness that the CFPB may be putting its Democrat allies on Capitol Hill in an awkward position...

Rushmore is licensed in all 50 states, Washington DC, and Puerto Rico. It has offices in Irvine, Dallas and San Juan, PR, where it services roughly $1 billion in assets...

“We’ve found all kinds of different violations,” said CFPB Assistant Director for Supervision Policy Peggy Twohig.

The CHLA suggests, among other things, that the U.S. Treasury stop sweeping all GSE profits and instead put that money in a capitalization reserve account...

Standard & Poor’s has removed Ocwen Financial form its “CreditWatch” list.

With mortgage debt outstanding climbing by 0.4 percent during 2Q, the share of securitized loans fell to 64 percent at June 30, the lowest level since 2012.

MBA chief Dave Stevens noted: “We’ve seen that before, when enforcement does replace regulation, and that’s our greatest concern.”

In August, first-time buyers accounted for 56.9 percent of agency purchase mortgages, up from 54.5 percent a year ago.