With an MSR portfolio sized at $1.18 trillion and a market share of 10.1%, Wells Fargo is on board with what the CFPB has in mind...

Private-equity firms aren't known for holding their mortgage investments forever...

Pondering JPM's next move in the mortgage business...

The seller is described as a bank-owned mortgage company, one with “very experienced leadership that is well-versed in servicing transfers.”

When it comes to Ginnie EBOs, sales are done both servicing-retained and servicing-released.

The bureau said it will “closely monitor how servicers engage with borrowers, respond to borrower requests, and process applications for loss mitigation.” If compliance issues arise, it will take into account a servicer’s overall effectiveness in helping consumers.

Bottom line: A committee within the CSBS determined that "regulatory prudential standards enforceable by state regulators are warranted and advisable at this time.”

In a research note, Keefe, Bruyette & Woods said that following Gilbert’s stock sale his interest in Rocket Companies will drop to 93% from 94%.

The original order for leniency was put into place because of the global pandemic.

The number of complaints in the annual report submitted to Congress is substantially higher than figures reported on the bureau’s public-facing website...