On average, the loans that Fay Servicing boards are more than 700 days past due.

At March 31 Seneca’s residential servicing portfolio totaled $61.75 billion, making the company the nation’s 25th largest processor of loans.

Meanwhile, Rep. Maxine Waters, D-CA, issued a statement Thursday morning, defending the CFPB...

“Will we see the loanDepots of the world jump in?” he asked rhetorically. “There’s a lot of top lenders out there looking for innovative products to offer,” Pollock noted and left it at that.

Houlihan Lokey was PCM’s advisor on the sale.

The deal was six-times oversubscribed, a positive for this young market...

ABA stands to be an “influencer” in the debate not just because of the size of its bank membership base, but because depositories rank a close second to the Federal Reserve among the largest investors in agency securities.

Production profits suffered, but servicing and secondary market income increased…

We also caught wind of a large servicing auction that took place last week. The broker on the transaction had not returned a media inquiry on the deal...

Capital Alpha projects that the “emerging reform thrust” might emulate ideas promulgated by the Mortgage Bankers Association, which is adamantly opposed to recap and release.