The Conference of State Bank Supervisors is working on capital requirements for nonbank servicers, a story first reported by Inside Mortgage Finance last month.

Sen, Menedez added: “These [programs] were not the drivers of the financial crisis. We’re going to hear the opposite of that in the next session of Congress.”

But is DocMagic president and CEO Dominic Iannitti done buying? Stay tuned…

Many of those winning bidders are hedge funds with Wall Street backing, including Lone Star Funds and Bayview Asset Management.

Ocwen Financial, whose stock has been clobbered this year, recently increased the base salary of its chief financial by $50,000...

However, NAR found that the willingness to actually originate non-QMs declined significantly across a number of different product types...

Industry advisor Joe Garrett said in a client note he knows of a lender that had its pre-approval letter scrutinized by the CFPB.

However, through the first nine months of 2014, jumbo originations haven’t been able to keep up with the strong pace set last year.

Under the changes, the amount of relocation assistance available for short sales and deeds-in-lieu more than tripled to $10,000.

The Philly Fed argues that a mortgage "strip-down" could make homeowners better off and not harm lenders.