Integrity Advance and its CEO James Carnes had argued that the CFPB’s order isn’t valid and enforceable.

The abandonment rate on calls to servicers jumped to 5.0% from 3.6% the week prior...

RFI on pay at the enterprises gets scant attention.

In the mortgage industry, the FCA has been used by the Department of Justice and Department of Housing and Urban Development to punish FHA lenders for sloppy underwriting practices that led to defaults.

In particular, one clause could rankle mortgage industry participants: HUD also agreed to notify FHFA of any Fair Housing Act complaints related to counterparties of Fannie and Freddie.

JMP said it sounds like “these actions” by the GSEs “primarily targeted nonbank wholesale channel lenders, of which UWM [United Wholesale Mortgage] and HMPT are among the largest.”

The agency noted, “A few servicers were outliers, reporting relatively higher average time to answer and abandonment rates.”

Black Knight: “While some borrowers will elect to leave forbearance early between now and their final expiration, servicers are still facing significant operational challenges"...

Commercial banks could, once again, become big players in the GNMA MSR market but few find that likely...

The proposed legislation has passed both chambers of the New York Assembly and awaits the governor’s consideration.