One consultant said many lenders are now reviewing their MSAs and may follow the lead of Prospect.

Texas Capital BancShares recently unveiled a new correspondent acquisition program, but it’s not the loans per se that the bank is after – it’s the servicing rights attached to them. “They want to be in the servicing business,” said Chuck Klein, managing partner at Mortgage Banking Solutions. “The reason you enter the correspondent business is to get at the servicing rights. They’re in a great position to do a lot of business.” As for the details, the industry will...

W.J. Bradley Mortgage recently settled a civil suit filed against one of its competitors, RPM Mortgage, regarding the alleged theft of customer loan files by a top-ranked and recruited loan officer. In a statement, RPM said: “We are pleased that the litigation with W.J. Bradley has been settled. As always, the confidentiality of client information is of paramount importance to RPM.” W.J. Bradley, the original plaintiff in the matter, would not comment...

In particular, Wells said it would “withdraw from mortgage marketing services and desk rental agreements with real estate firms, builders and certain other referral sources.”

Purchase mortgages accounted for 58 percent of EverBank's originations in the second quarter.

At least five lenders are currently delivering jumbo ARMs to Hatteras on a flow basis.

The regulator determined that consumers were lured with deceptive promises of savings and misled about when their payments would be applied.

Are more lenders considering selling their companies because of large potential fines they’re facing from the CFPB and HUD?

Lykken said he wants to transform "one company at a time."

“The question was a surprise to many investors and resulted in clients questioning whether a CFPB crackdown in the timeshare market was ahead,” writes Compass Point analyst Isaac Boltansky…