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...

The number of Ginnie Mae loans in forbearance came in at 7.61%, down 6 bps for the week while the Fannie Mae/Freddie Mac tally declined to 3.11%, a 2 bp improvement.

CEO Mat Ishbia said the $925 million the firm  garnered from Friday’s transaction gives the nonbank solid options when it comes to growth.

The CFPB's year of discontent? Mortgage-related complaints declined 7.9% from the third to the fourth quarter but increased 9.2% overall in 2020.

Total MSR transfers – including bulk deals and coissuance transactions – more than doubled from the third quarter, hitting $188.11 billion. However...

Uejio first started at the bureau in 2012. He has held several positions with the agency, including lead for talent acquisition.

Flagstar's production and profit margins declined in the fourth quarter, though the bank increased MSR sales and warehouse lending...