In a similar move, FHA is developing a modern, single-technology platform suitable to the emerging digital and paperless mortgage environment. The system will provide lenders with a single port to conduct business from applications to claims, including the ability to track requests throughout the life cycle of the loan, said FHA Commissioner Brian Montgomery.

Better.com’s other major backer is Citigroup. Better recently hired industry veteran William Buell to head the nonbank’s B2B platform. Buell has a deep resume, including stints at Bank of America, JPMorgan Chase and FirstKey…

Much of the decline came right at the top as Wells Fargo reported a drop of $19.85 billion in total mortgage servicing during the first quarter.

At a recent American Bankers Association conference, Cathryn Abshier, fair lending officer and vice president of compliance at Mr. Cooper, said the nation’s third-largest servicer is seeing state regulators focus on disparate impact in their fair lending examinations.

In May, the bureau published nine orders partially modifying CIDs issued over the past few years.

The spate of M&A activity in the sector suggests that more deals could be in the works, given the attractive nature of being a subservicer compared to owning the servicing strip outright…

Industry trade groups are not happy with the regulatory language, believing it could prevent much needed reminders to mortgagors in trouble…

The name Moelis should be familiar to mortgage professionals, especially those keeping tabs on Fannie Mae and Freddie Mac.

As part of Ditech’s dissolution, the company also disclosed that its reverse lending division – Reverse Mortgage Solutions – will be sold via a stock and asset deal to Mortgage Assets Management LLC for an undisclosed sum.

Look out below on rates? The FOMC meets this Wednesday and some market watchers are predicting a surprise rate cut...