DOJ cites an email written by a Quicken divisional vice president for underwriting who brags that the lender has a team that is “responsible to pushback on appraisers questioning their appraised values.”

Qualified buyers have until June 2 to bid on the Miami-based loans.

Then there was Bert Ely who noted: "In my opinion, American housing policy is leading the country down the same path that led to the last housing bubble..."

Some 97 lenders contributed to the pending security from Redwood, led by PrimeLending with a 9.0 percent share.

On IMA’s other deal, the brokerage firm is offering $100 million per month of Fannie Mae/Freddie Mac “flow” product.

Is Blackstone's purchase of a mortgage lender a "one-off" deal or will other Street firms follow suit?

It's always possible that Green Tree could turn around and sue HUD before HUD sues them, which is what Quicken Loans did.

A period with protection against liability would allow the CFPB to evaluate any unforeseen issues stemming from TRID.

The Federal Reserve is seen as taking the brunt of nonbank servicer-induced prepayment risk on agency MBS.

Earlier this year Cherry Hill agreed to buy Aurora Financial Group and its $700 million servicing portfolio for $4 million. Included in the purchase was Aurora’s agency approvals.