In June, community advocacy groups, including the NCRC, brought a lawsuit against the Office of the Comptroller of the Currency over its final CRA rule...

More liquid is better than less liquid, especially during a refi bonanza...

Mr. Cooper, U.S. Bank and PNC Bank collectively will pay $74 million to remediate impacted borrowers.

The proposal is modeled after the FHA's partial claims program, though there are differences...

Those top three banks increased their mortgage banking income by a combined $1.35 billion — or nearly 60% of the industry’s $2.29 billion increase during the third quarter.

MBA’s Michael Fratantoni: “The job market data for November showed an economic recovery that was slowing in response to the latest surge in COVID-19 cases. It is not surprising to see the rate of forbearance exits slow, as households that needed forbearance assistance in October may be in even greater need now.”

Mr. Cooper will pay a total of $91.3 million to settle allegations by 51 state attorneys general and the Consumer Financial Protection Bureau over servicing violations since 2014.

Nearly 30% of borrowers with loans in the deal have received forbearance or a deferral. The servicer, Citadel, will not make advances on delinquent payments.

Flagstar, a top-20 player in mortgages, recently posted a handsome $222 million profit for the third quarter.

Marzol described the capital rule, which was finalized in November, as “a key milestone on the path to responsibly ending the conservatorships.”