So, which groups are behind the "housing-industrial complex"? DeMarco isn't naming names...

And there could be some good news on lower LLPAs. Fannie said that come May 2015, it will change how it treats loans where there are two or more borrowers...

In the retail channel, LoanDepot ranks fifth among all nonbanks, a figure that excludes what Mortgage Master brings to the table.

“Banks of all sizes are having problems with the new limits,” the three trade groups argue.

We should point out that even though LoanDepot is doing the buying, the Mortgage Master brand name will survive. LD did the same thing when it combined forces with imortgage last year…

Some publicly traded nonbanks are facing possible class-action lawsuits from angry investors who’ve seen billions of dollars in stock equity evaporate over the past year.

According to one advisor who saw the original bid package, the delinquency rate on the non-agency MSRs are north of 20 percent.

To date, Provident Funding has declined to clarify the situation.

As IMFnews went to press, the share price of Altisource was getting slammed, down 20 percent on the day.

Will former Long Beach Mortgage executive Jon Daurio finally launch a new nonprime venture?