There's an interplay between how the proposal would impact larger banks and the effects on nonbank mortgage companies.

“Our goal is to basically find a way to preserve that flexibility to allow streamlined tools and servicing,” said Mark McArdle, assistant director of mortgage markets at the CFPB.

Applications increased even as interest rates ticked up.

Soft landing or mild recession...

Sweeping M&A activity was expected in the subservicing sector...

As for how much cash the REIT might raise and at what interest rate, that’s unknown at the moment.

Select Portfolio Servicing was far and away the largest servicer of nonprime mortgages in the second quarter.

Tim Mayopoulos, a former CEO of Fannie Mae, is advising Roam.

The MBA generated a profit of $11.4 million for the fiscal year ending Sept. 30, 2022, up from $976,186 in income in FY 2021.

Uncertainty for the CFPB and the mortgage industry ahead of a Supreme Court case...