The bank anticipates annual expense savings of $17 million from the move.

Draper & Kramer will be prohibited from residential mortgage lending activities for five years, though the CFPB noted that Draper & Kramer wound down its operations last year.

Lakeview Loan Servicing remained the top agency servicer, with a $732.56 billion portfolio.

The president-elect said Bill Pulte will help “restore the American Dream for all.”

Turner looks likely to easily be confirmed to run HUD, based on his reception by the Senate Committee on Banking, Housing and Urban Affairs.

The GSEs didn't provide a revised timeline for implementing bi-merge credit score policies.

Mortgage-banking revenue was off due to lower originations and hedges tied to MSRs.

“We’re still not at the level of profitability where we should be in home lending, just given as we continue to wind down that servicing book,” said Charlie Scharf, CEO of Wells.

Chase expects a limited financial impact on its business from the LA-area wildfires.

Originations at the two big banks increased by around 7% on a quarterly basis in the fourth quarter.