Ginnie Mae's single-family outstanding was up 2.2% in the second quarter while the GSEs posted a 0.3% increase in servicing compared with the end of March..

McGlinchey Stafford attorney Jim Sandy said in an interview with Inside the CFPB that potential defenses against enforcement actions and private litigation have begun to emerge.

Banks have enough capital, according to Brian Moynihan, chair and CEO of Bank of America.

The Consumer Financial Services Association of America said courts have “ample means” to protect the mortgage market if the CFPB is found to be unconstitutional.

Officials, who were authorized to speak on background only, said the CFPB is working to preserve streamlined modifications and enhance consumer protections against behaviors like dual tracking.

HUD requires FHA servicers to conduct a “face-to-face” meeting or make a reasonable effort to do so before foreclosing.

Fitch Ratings warned that nonbank mortgage companies could face issues if weaknesses involving MSRs emerge.

FHFA issued changes to RPL/NPL sales in a new fact sheet, addressing some concerns raised by critics of previous sale policies.

The existing partial claim option isn’t effective because interest rates are so much higher now than when most FHA borrowers signed their present mortgage, analysts at the Urban Institute noted.

Both lenders and servicers are looking into automation to help reduce costs.