Initially, the jury awarded $514,000 in compensatory damages from PHH Mortgage and $15.7 million in punitive damages.

Meanwhile, Redwood posted $45.0 million of net income in the third quarter of 2014, almost triple of what it earned in 2Q.

Jaron Van Maanen of the FDIC said the lender should determine if the factor determining the LO’s comp consistently varies with terms over a significant number of transactions...

Professional money managers see the U.S. economy on a sounder footing over the next 12 months, with expectations of little or no gain among mortgage-related assets over the next year, according to a new Fitch Ratings survey of fixed-income investors. Opinions about the credit conditions of mortgage investment vehicles in the near term mostly focused on modest, rather than severe, deterioration. In this segment, investors were mostly optimistic about prime mortgage-backed bonds. Overall, the survey found...

So, there’s no chance at all that the GOP will be able to push through a Fannie Mae/Freddie Mac reform bill, right? Maybe, maybe not.

The nonbank expansion has eased over the past few quarters because once-hungry buyers of receivables such as Ocwen, Nationstar and Walter Investment are no longer gobbling up huge portfolios.

GSE executives, however, declined to specify when their new 97 percent LTV programs will be ready.

The CFPB is listening to recordings of inbound telemarketing calls, the attorney said...

PennyMac’s MSR portfolio is almost evenly divided between subservicing for others, the company’s own originations, and mortgage servicing rights acquired from others.

Walter was already under the investigative microscope of the Consumer Financial Protection Bureau and the Federal Trade Commission because of its servicing practices.