Elsewhere, the latest figures from the CFPB show a big reduction in consumer belly-aching about loan modifications...

MBA's Dave Stevens did not mince words, calling the CFPB product "the most misleading and inaccurate tool that will do anything but help prospective homebuyers.”

ABS issuance was up 12.0 percent from the prior year, with solid gains in three of the market’s key sectors: auto finance, credit cards and business loans.

One LO who works for a top-10 lender (a bank) said she actually sees her customers half the time...

The CFPB and the Maryland AG also took action against former Wells Fargo employee Todd Cohen and his wife, Elaine Oliphant Cohen, for their alleged involvement.

Standard & Poor’s agreed this week to a settlement with the Securities and Exchange Commission and two state attorneys general regarding ratings on commercial MBS and non-agency MBS. Regulators suggest that further actions involving the ratings services are in the works, likely including a much larger settlement with S&P regarding activity before the financial crisis. S&P’s settlement this week involved post-2010 activity. The rating service agreed to pay the SEC and attorneys general for New York and Massachusetts more than $77 million. S&P will also take a one-year “timeout” from rating conduit/fusion commercial MBS. “They lied...

Just because a notice of default is signaled, that doesn’t mean the trustee has to yank the servicing away from Ocwen.

As part of the settlement, the DBO will drop its effort to suspend Ocwen’s license in the state.

Just over $224 billion of mortgages to first-time homebuyers were included in agency MBS issued in 2014, according to figures compiled by IMF.

First Republic Bank is the top contributor to Redwood's new jumbo deal with a 31.7 percent market share.