DFPI Commissioner Manuel Alvarez: “We take our expanded responsibility very seriously and are moving swiftly to ensure debt collectors do not violate the rights of California consumers.”

The volume of FHA loans was down 4.2% for the year, including a 1.8% drop from the third to the fourth quarter. But at $1.114 trillion, FHA loans continued to represent the dominant slice of the Ginnie pie...

Valon, formerly known as Peach Street, plans to use the funds to hire and acquire...

Servicers are buying delinquent FHA/VA mortgages out of Ginnie MBS pools, placing the notes in portfolio as part of a reclamation strategy.

IMA says the seller is a "well-capitalized independent mortgage bank with very experienced leadership"...

Home Point planned to sell 12.5 million shares at as much as $21 per share but the nonbank lender ended up with a smaller IPO.

Liquidations of loans from Ginnie Mae MBS nearly doubled in 2020 on an annual basis.

The acting director of the CFPB directed the federal agency to focus on compliance issues involving consumers suffering hardship stemming from the coronavirus, including actions by mortgage servicers.

“The offering consists of 9.41 million shares of common stock being sold by loanDepot and 5.59 million shares of common … being sold by certain funds managed by Parthenon Capital Partners,” the firm said.

Most nondepository servicing is held by independent mortgage bankers and other non-originating investors...