Lenders funded an estimated $20 billion of new home-equity lines of credit during the third quarter, a 17.6 percent gain from 2Q, according to IMF.

Loan Care Servicing, an affiliate of Black Knight Financial, subserviced $110.0 billion at Sept. 30, up 47.4 percent from a year ago.

The Merrill borrowers tend to have strong equity positions: the original average combined LTV on the collateral is 54.9 percent.

Scavone was hired by the company in January of 2014.

Meanwhile, the FOMC indicated it will continue to reinvest principal payments from its holdings of agency debt and MBS.

A year ago, in SEC filings, Pershing Square disclosed that it owned just under 10 percent of Fannie and Freddie common.

The OCC said two banks exited the residential mortgage business in 2014 and another two plan to exit in the coming year.

A handful of other large national wholesalers offer LPMI, including United Wholesale Mortgage.

Advocates for GSE reform looking for savings in the federal budget will be disappointed...

When settlements are first reported rarely does the money change hands right away.