Efforts to turn Ocwen around appear to be working. The publicly traded nonbank earned $2.0 million in the second quarter and officials there suggest the lender/servicer will be profitable next year.

One CEO, whose company continues to sponsor AIME, said he found Casa’s behavior offense but told Inside Mortgage Finance his company will continue to support the organization. “I think that eventually Anthony will be back,” he said in an interview Friday morning, “but I hope he takes this time to reevaluate and improve himself.”

BofA processed 1.8 million of payment deferrals across all business lines, including mortgages...

The CFPB says that between 2014 and 2017, Townstone made statements about African Americans and predominantly black neighborhoods that discouraged prospective black applicants...

The writing was on the wall: nonbanks took over the Ginnie market back in 2016...

Democrats and consumer advocates suggest that some servicers aren't following forbearance requirements established by the CARES Act.

United Wholesale sold $5.74 billion of jumbos to unaffiliated non-agency buyers in 2019.

In order to lower servicing costs, FHA proposed limiting required mortgagee curtailment of interest to the length of the mortgagee’s delay...

Overall, refinances accounted for 64.2% of new business compared to a reading of 60.1% the week before. The trade group’s purchase index decreased 6.0%

JPMorgan's Jamie Dimon welcomed the FSOC news, saying during a Q&A session, “We’ve been very consistent that mortgages, believe it or not, are more – far more costly than they should be. Normally, you’d be looking at – if you looked at the 10-year [Treasury] rate which is what, 60 basis points, the mortgage take should be 1.6% or 1.8% instead of 3.3%.”