The termination fee on the NRIC-Caliber deal: $25 million.

As might be expected, the move rattled lenders who are now trying to figure out the ramifications of a patch-less mortgage world...

In a sign of frustration, on Tuesday the MBA turned up the volume, asking members of the Mortgage Action Alliance, its main lobbying arm, to call their congressman...

However, the revised regulation never saw the light of day —  it was stayed a day before implementation by a federal court in Massachusetts. Since October, the future of the rule has been in limbo.

Among the key risks highlighted with the use of AI: explainability, data usage and dynamic updating...

Bray noted that Ginnie’s memorandum, which established a new pool type for re-performing loans, “puts significant restrictions" on issuers, increasing both the risk and the cost...

When it comes to forbearance, Black Knight noted widespread improvement “with all investor classes seeing significant declines" in active cases...

With an MSR portfolio sized at $1.18 trillion and a market share of 10.1%, Wells Fargo is on board with what the CFPB has in mind...

Don't ever underestimate the power of the nation's housing lobby...

Bottom line: These smaller shops will need to make additional capital investments to effectively compete against larger seller/servicers.