PHH Mortgage, Walter Investment Management Corp. and Ocwen Financial these days are all working from the same survival playbook: sell their most valuable asset – mortgage servicing rights – and remain as the subservicer of record. The idea is simple. All three hope to raise cash by selling MSR assets, eliminate the need to hold large sums for servicing advances and – importantly – buy some time. There’s...

The key factor for the greater MI penetration was the relatively stronger performance of purchase-mortgage lending compared to refinance activity…

Overall, Arch MI wrote coverage on $12.66 billion of home mortgages in the first quarter, of which 81.9 percent were monthly premium policies…

The second major complaint of the ABA is the rule’s potential negative effect on commercial real estate lending.

A former Congressman, Watt knows full well that by allowing Fannie and Freddie to build capital once again it will set off a political firestorm...

PHH's new CEO, Robert Crowl, has a termination package that could be worth $4.54 million…

The fix-and-flip market has been red hot the past few years…

Impac Mortgage is making major run at the non-QM market, advertising its products on cable TV…

Glen Messina is slated to step down as CEO in June. He has served as CEO since January 2012.

The Structured Finance Industry Group has voiced concerns about what information might become publicly available…