Charges also were filed against former Live Well executives Eric Rohr and Darren Stumberger who entered a guilty plea in the case late last week and are now cooperating with investigators.

In the first half of 2019, Angel Oak was the top-ranked expanded-credit lender, with production of $1.25 billion…

Here’s what won’t be in the Treasury plan: The new Fannie/Freddie capital requirements, a document the Federal Housing Finance Agency is working on…

The legislation is aimed at ensuring homeowners do not lose time getting the modification approved when the loan is sold or transferred...

Some industry observers wondered about the timing of the disclosures, given the imminent release of the Treasury Department’s GSE reform plan. One former Fannie executive told IMFnews: “There will be big shakeups at Fannie and Freddie if they cap all in comp at $600,000.”

Redwood suggested changing the flat 5% risk-retention requirement on MBS with non-QMs to a standard based on the asset-level of loans in a deal.

According to a new report from DBRS, more owners of servicing rights are opting to issue debt backed by their MSR portfolios.

Other lenders have gone the ancillary route as well, including Mr. Cooper and Ocwen Financial.

Tappable equity reached an all-time high of $6.3 trillion in the second quarter of this year, according to Black Knight.

But not all was rosy: “With anticipated increases in prepayment activity, we saw hits to servicing profitability resulting from mortgage servicing right markdowns and amortization,” said MBA VP of Research Marina Walsh.