Two Harbors is starting to offer “expanded credit” mortgages via its conduit, including allowing for lower credit scores and higher loan-to-value ratios.

One analyst familiar with the case noted that $109.2 million “is a big chunk” for PHH, adding that the case shows “the CFPB is crazy and doesn’t want to be questioned or challenged…”

PIMCO stressed that the “Wells Notice” is neither a formal allegation of wrongdoing nor a finding that any law was violated.

Lenders One, by the way, is looking for a new CEO. Its former chief executive, Jeff McGuiness, left back in June...

Clayton Holdings noted that 75.9 percent of the mortgages were originated via the retail channel with the balance coming through loan brokers.

According to one published report, Gov. Andrew Cuomo is considering John Coffey as the next superintendent for New York Department of Financial Services.

“Of course, there are no guarantees, and all of our announced sales may not close as we currently envision,” said Ocwen's Ron Faris.

Purchase mortgages accounted for 58 percent of EverBank's originations in the second quarter.

At least five lenders are currently delivering jumbo ARMs to Hatteras on a flow basis.

“The question was a surprise to many investors and resulted in clients questioning whether a CFPB crackdown in the timeshare market was ahead,” writes Compass Point analyst Isaac Boltansky…