MBA's Broeksmit was reacting to a Facebook speech delivered by Ishbia who gave the company’s broker/partners an ultimatum: If they work with Rocket Mortgage or Fairway Independent Mortgage, they can’t work for UWM.

According to FHFA’s own performance and accountability reports, the number of employees at the agency grew from 609 in 2019 to 635 in 2020. More tellingly, FHFA has budgeted for an additional 113 employees in 2021.

If loan brokers violate the agreement, it could cost them upwards of $50,000...

Chopra said industry participants will be offered a “robust way to comply” with fair lending laws and that wrongdoers will be held accountable...

A former Goldman Sachs executive, Nichols is now co-head of Pretium’s residential credit business and executive board chair of Deephaven.

The industry veteran joins a growing list of highly regarded members of GSE leadership who have recently decamped for greener pastures in private enterprise.

Ocwen: “Of our foreign-based employees, more than 70% were engaged in our servicing operations"...

CFPB's acting director said more attorneys are needed to achieve his goal of "vigorous oversight of all applicable federal laws and the fullest utilization of our legal authorities."

FHFA extended various origination flexibilities related to GSE mortgages through the end of March.

While the share of mortgages in forbearance declined at the end of January, more than one million borrowers feel they're at risk of foreclosure.