The consolidation tidal wave approaches ... or maybe not...

loanDepot CEO Anthony Hsieh: “Something’s got to give."

Mulvaney signaled his intention to send more CFPB guidance to elected officials for congressional review.

Liquidation counsel Michael St. James did not return a telephone call and email regarding the situation.

Candidates for the job have included Kevin Shavers, Robert Broeksmit and others…

Congress has sealed the deal on Dodd-Frank reform with a 258-159 vote last week in the House. Thirty-three House Democrats voted in favor of the reg relief bill, which President Trump promptly signed into law. The Economic Growth, Regulatory Relief, and Consumer Protection Act passed the Senate in March on a bipartisan 67-31 vote. The House approved S. 2155 last week without making any amendments. …

The nation’s 12th largest servicer of home mortgages is in danger of getting booted off the NYSE.

According to the offering circular, the average loan balance is $230,368 with delinquencies totaling 5.80 percent...

Applications for purchase mortgages and refinances both declined.

A recent announcement by the Department of Housing and Urban Development to seek public comment on its 2013 disparate-impact rule is an opportunity for both HUD and the industry to clarify the liability issues it raises, said compliance experts. On May 10, HUD announced it would formally seek public input on whether the disparate-impact regulation is in tune with the Supreme Court of the United States’ 2015 decision in Texas Department of Housing and Community Affairs v. Inclusive Communities Project, Inc. The HUD rule affirmed the use of disparate impact to establish liability for violations of the Fair Housing Act. It lays out a three-step approach to determining FHAct liability. The first step requires the plaintiff to demonstrate that a practice or a policy has a discriminatory effect on a protected class of persons. According to the rule, liability may be established even if the ...