A statement issued by MBA president David Stevens does not comment on the merits of the two cases but blames the CFPB for issuing LO comp rules that are not clear.

The CFPB case likely won’t make Merrill Lynch feel good about PHH, but we could be wrong. The two go way back…

You might say that investor (and former Wall Streeter) John Devaney is bullish on Ocwen Financial...

Over the past year, RPM has been in the hunt to buy other mortgage companies, investment banking sources told IMFnews.

Chuck Klein, managing director for Mortgage Banking Solutions, agrees that most of the coming M&A activity will center on small- and medium-sized shops.

The findings were based on results supplied by 359 residential originators.

Not only is the FHFA scrutinizing lender-paid mortgage insurance products, but the agency might require higher capital standards...

According to one trader, secured nonperforming seconds sell in the secondary market for one penny on the dollar to 20 cents on the dollar…

In partnership with former Lehman Brothers Managing Director Brian Libman, Blackstone is trying to carry out a “roll-up” strategy...

But the product does not come cheap. On an A- credit loan, the rate is set at 8.25 percent when CLTV is 60 percent.