Eli Global (Global Growth) owner Greg Lindberg entered a not guilty plea in the case and just last week filed a motion to dismiss.

Some mortgage market participants suggested the CFPB replace the DTI ratio standard with a different measure, such as a residual income test.

Three large nonbanks led the pack in GSE buybacks during the second quarter: Quicken Loans, Caliber Home Loans and loanDepot…

Back in 2011, large bank servicers – including Wells Fargo, JPMorgan and Bank of America – controlled roughly 94% of the mortgage servicing market, a fact cited in a new report from the Conference of State Bank Supervisors. Today, just four commercial banks rank among the top 10 servicers.

Read the tea leaves: Just 56.4% of second-quarter loan originations have been pooled in MBS. In recent years, the overall securitization rate has run at about 70%.

FHFA Director Mark Calabria: Reducing risk isn’t necessarily the same as reducing volume…

Flagstar estimates it will recover about $1 million of the cost in the third quarter while it continues to pursue other legal remedies tied to Live Well...

A thirst for yield has spurred some large big-name banks to invest in hard-money loans, albeit quietly…

Annual adjustments in the GSE loan limit are required by law and FHFA regulations peg them to changes in an index of average house prices maintained by the agency. As of the most recent reading, the loan limit will easily climb over $500,000 in 2020, a threshold that will get people’s attention.

A reason for GSE shareholders to rejoice: The FHFA will eliminate the net worth profit sweep shortly…