The recent court ruling which called into question the legitimacy of certain recess appointments – including that of CFPB director Richard Cordray – also means the agency may not have any regulatory oversight over nonbanks.

It appears the “ability-to-repay” rule is good news for mortgage servicers.

Residential production increased modestly during the fourth quarter of 2012, according to a new Inside Mortgage Finance ranking and analysis.

Fannie Mae appears to be getter faster in approving seller/servicer approvals.

Quicken is now a top-five ranked residential retail lender, but some of its loan volume comes from correspondent purchases.

With Ally Financial selling ResCap and auctioning off what's left of the bank's servicing business, top executives are departing the company.

Although Fannie Mae has set purchase limits on how much production newly approved seller/servicers can sell to the GSE, Freddie Mac has shied away from such caps.

Nationstar Mortgage is telling potential investors in the company that it plans to be a significant player in settlement services, REO management, processing and other areas.

At least one top-five ranked residential servicer is planning to offer for sale a decent-sized package of mostly nonperforming servicing rights over the next month.

Norton Wells, senior vice president of Bank of America’s mortgage resolution team, has left the company, industry officials confirmed to Inside Mortgage Finance.