Mr. Cooper group has reduced its servicing staff and is adding to its originations unit.

The total agency delinquency rate rose to 3.30% at the end of the reporting period.

An expected re-proposal of capital requirements for big banks could lead to banks adding to their holdings of agency MBS.

The mortgage servicer funded over 25,000 new mortgage orignations in the quarter.

Mortgage applications decreased compared to a month earlier; home prices saw a steady increase for the third month in a row; many mortgage lenders are for simplifying closing cost descriptions; median annual downpayment amount decreases in the third quarter.

Large nonbanks grow their share of GSE MBS servicing but Chase still ranks number one in our rankings among servicers.

CFPB director Rohit Chopra said there has never been an "iota" of political motivation within CFPB investigations.

“Everybody is feeling pretty good right now,” said Joseph Lau, president and chief investment officer of LordCap Green, an investment manager, and chair of FIIN, summing up a poll of attendees at the ABS East conference.

FHFA plans for board structure changes; Justice Department sues Rocket over refi discrimination; Redwood markets jumbo ARM securitization; LoanCare launches digital recapture product.

The Democrats calculate that the cost of a FICO score has increased by as much as 400% over the past two years.