The CFPB is aiming to prevent foreclosures tied to older second liens.

The nonbank is set to acquire mortgage servicing rights and the servicing operations of Rushmore Loan Management.

“There’s nothing like being in a room and being able to discuss what are the hiccups, where from a policy standpoint can we do better,” said John Bell, executive director of the VA loan guaranty program.

Bids on the package are due May 3...

At March 31, USB’s “servicing for others” portfolio totaled $241.7 billion and had an asset value of 154 basis points.

Mortgage demand declines as interest rates increase...

Complaints submitted to the CFPB regarding mortgages had declined steadily throughout 2022.

Home prices increased by 1.0% on a sequential basis in the first quarter of 2023.

But maybe there is a way forward for the Ann Arbor-based nonbank...

The portfolio has a weighted average coupon of 3.26% and a loan-to-value ratio of 66.5%.