The financial services regulator believes Mr. Cooper is violating the Fair Debt Collection Practices Act due to its $25 fee for payoff quote statements.

The lender and servicer saw origination volume jump to $6.5 billion as of June 30, up from $3.9 billion the previous quarter.

Mr. Cooper's PII leak late last year had a significant impact on its customers. Money has been stolen, unauthorized attempts to open credit cards occurred and extensive spam campaigns have followed, a filing claims.

The Swiss bank claims that Countrywide is obligated to indemnify it for legal expenses stemming from risky mortgages bundled pre-2008.

Escalating unaffordability is not the only issue originators face. How can lenders support their loan officers, and navigate the numerous challenges in the today's housing market?

Bond traders now see a roughly 60% chance of an emergency quarter-point cut by the Federal Reserve within one week because of the market turmoil.

There were reports of rates plummeting after new numbers Friday showed a notable drop in overall jobs but then moderating later in the day.

Last year, a New Jersey federal court sided with LoanCare's countersuit awarding it over $22 million in compensatory damages. Freedom was awarded $247,000 in damages.

The leading mortgage player posted another nine-figure profit, although its gain-on-sale margins slipped.

The Mortgage Assets Management deal and new name aim to position Onity as an diversified entity that can handle rate shifts like the currently anticipated one.