Among many other IRS reforms, the bill would modernize the Income Verification Express Service.

“One of the things we’re very focused on and I’ve been pretty vocal about is doing term financing on as much of our business as we possibly can,” Michael Nierenberg, New Residential’s chairman, president and CEO.

Officials at Mr. Cooper said the loss was primarily driven by a negative $293 million net fair value mark on mortgage servicing rights.

New Residential acquired MSRs with a total unpaid principal balance of $49 billion in the first four months of 2019.

Faxing income verification requests to the IRS may soon be a thing of the past as a bill seeking to modernize IRS processes has found strong support in Congress.

The National Labor Relations Board sided with Quicken Loans in the dispute...

“Morgan Stanley lied about the risk of its products and put profits over teachers and public employees who relied on its advice,” according to California Attorney General Xavier Becerra.

Impac Mortgage and Sprout Mortgage stand out among contributors to expanded-credit MBS. They’re the only two lenders among the top five that aren’t affiliates of firms that issue deals.