Four large nonbanks added over $10 billion each in new servicing rights tied to agency mortgage-backed securities during the fourth quarter. PennyMac padded its agency servicing portfolio by $20.95 billion. [Includes two data charts.]
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The nation’s megabanks reported weak origination figures and non-cash writedowns on their servicing assets for the fourth quarter. Wells Fargo, JPMorgan Chase, and USB suffered the most. [Includes one data chart.]
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The Supreme Court refused to hear a case challenging the constitutionality of the CFPB. The case could lead to more presidential power over the consumer watchdog.
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Ginnie Mae postponed its annual summit scheduled for Feb. 4 and 5 in Washington, DC, a casualty of the ongoing government shutdown and perhaps acting President Michael Bright’s departure.
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