Nonbank

The CFPB has at least six active investigations into servicers amid concerns that defaulted borrowers will not get foreclosure relief if their loan is bought and transferred to a new servicer.

Georgia's Department of Banking and Finance has finalized a cease-and-desist order against Community Legal Center.

Investor confidence in Ocwen Financial was clearly shaken Monday after New York state regulators forced the firm's founder out as part of a $150 million settlement.

Ocwen Financial Corp. is being examined over whether it improperly stalled short sales by borrowers who owe more than their homes are worth

AmeriSave Mortgage Corp. in Atlanta has closed on its acquisition of CertusBank's mortgage business.

Marketplace lender Social Finance may pursue a larger initial public offering than expected, CEO Mike Cagney said. Progress in its mortgage business and a new lending app will be pivotal to the company's future, he said.

Impac Mortgage Holdings in Irvine, Calif., is currently in negotiations to acquire an unnamed mortgage originator, the company said in a recent regulatory filing.

While evolving market conditions have made retaining servicing rights more attractive to independent mortgage bankers, making the right choice between an in-house operation or engaging with a subservicer is critical to the new business line's success.

Despite the mounting charge from burgeoning nonbank servicers, three large banks still control the majority of the servicing market.

There's little point to Fannie and Freddie's large profits if that money is remitted to the Treasury rather than making the GSEs more financially stable.

Officials at Fannie Mae, Freddie Mac and Ginnie Mae all heaped praise on nonbank mortgage lenders for stepping up to provide loans for home purchases at a time when many banks have scaled back.

PennyMac formed the new division to provide multifamily and other commercial loans under $10 million.

The days of megadeals worth tens of billions of dollars for mortgage servicing rights are over.

Increased fixed costs and poor business intelligence are hurting independent mortgage bankers' bottom lines.

The State Regulatory Registry, which runs the Nationwide Multistate Licensing System, says that mortgage loan originator and company renewals for 2015 are off to a strong start.

Profits from originating mortgages dipped during the third quarter, with independent mortgage banks and mortgage subsidiaries of banks reporting an average gain of $897, according to the Mortgage Bankers Association.

Part two of this three-part series covers what the Consumer Financial Protection Bureau wants to see from originators if they close loans in their own name.

MountainView Servicing Group will serve as an advisor in the sale of a $1.2 billion Fannie Mae and Freddie Mac mortgage servicing rights portfolio.

Mortgage Bankers Association, MBA Health Link

The company will launch a nationwide branding campaign in the first quarter of next year.