Anthony Hsieh, the founder of loanDepot who recently returned as CEO of the company, stressed that the nonbank is working on “profitable market share growth fueled by technology innovations.”

United Wholesale Mortgage has all of its servicing with one subservicer as the nonbank builds an in-house servicing operation.

"The challenge is getting the requisite understanding of risk, providing the governance infrastructure and really creating the level of transparency and understanding that allow for a less sophisticated lender to adopt this technology," said John Levonick, a senior partner at the law firm of Garris Horn.

FHFA created U.S. Financial Technology, a company that will take over Common Securitization Solutions.

“Borrowers should find comfort in the stability of mortgage rates,” said Sam Khater, chief economist at Freddie Mac.

Sales of new single-family homes declined by 13.7% on a monthly basis in May.

Legislation to limit trigger leads passed the House and Senate with minor differences.

Annual home price appreciation slowed to 2.1% in May, the lowest level seen since March 2012.

According to MERS, currently 267 lenders, 29 servicers and 12 subservicers use eNotes.

The OCC said its current stance on preemption is in line with the Dodd-Frank Act and Supreme Court precedent.