The 30+ day delinquency rate stood at 3.09% at the end of April.

“The dynamics with the [CFPB] will now start to resemble those of most federal agencies: there will be legal challenges to specific regulations and enforcement actions … but those will be focused, targeted challenges, not existential ones,” according to Adam Levitin, a Georgetown University law school professor.

Several companies increased origination volume, posted stronger gain-on-sale margins and reported rising values for mortgage servicing rights.

The CFPB is considering rulemaking or guidance aimed at improving competition, choice and affordability.

The allowable fee lenders/servicers can charge for assumptions of FHA mortgages is now $1,800.

The five largest banks in terms of servicing for others all reduced their portfolios in the first quarter.

MSR values are shaped by interest rates, asset desirability, hedging techniques and more...

Bob Broeksmit, president and CEO of the MBA, said that if the Supreme Court had invalidated the CFPB's rules, there would have been a severe impact on the housing market.

The 7-2 decision upholds the bureau’s ability to receive funding directly from the Federal Reserve and overturns a decision by the Fifth Circuit Court of Appeals.

“The current approach is clearly failing,” said Bob Broeksmit, president and CEO of the Mortgage Bankers Association.