Nonbank

The 2015 decision posed new legal challenges for institutions trying to sell loans to third parties, but the federal regulatory agency proposed steps Monday for banks and debt parties to evade state interest rate caps.

The Consumer Financial Protection Bureau issued new rules governing mortgage lenders' screening and training of loan originators with temporary authority.

Nonbank and bank mortgage employment has leveled off in line with typical seasonal trends, but some lenders remain more interested in hiring than is usually the case late in the year.

NewDay USA, a lender specializing in loans to veterans and military service members, is addressing rate-driven increases in refinancing by hiring more than 100 workers who are new to the business.

Employment estimates for nonbank mortgage companies rose to a 2019 high as lower rates spurred consumer demand in August, but higher rates in September could mean future numbers will be weaker.

Ginnie Mae's stress testing model was based on large issuers, and does not appear to adequately reflect important qualitative differences between larger and smaller issuers.

A mortgage company's dispute with Connecticut over what tasks a licensed loan officer needs to handle points to a potential compliance concern for direct and digital lenders seeking to maximize efficiencies.

The Federal Housing Finance Agency is ending a Freddie Mac pilot that posed a competitive threat to the private market for mortgage servicing rights financing.

Nonbank mortgage companies added 4,600 employees to their payrolls in July and may add more to address continuing rate-driven increases in loan volume.

Syracuse Securities Inc., a family-run lender and servicer in New York, is planning to wind down and transfer its outstanding pipeline to Premium Mortgage Corp.