Although there hasn’t been a lot of good news on PHH of late, one analyst we spoke with noted a positive: “They still have plenty of cash on their books…”

The flow of home loans covered by private mortgage insurance into new Fannie Mae and Freddie Mac mortgage-backed securities fell by 11.5 percent during the first quarter of 2016, according to a new Inside Mortgage Finance analysis and ranking. That decline mirrored the 11.6 percent drop in purchase-mortgage securitization from the fourth quarter by the two government-sponsored enterprises. A slight uptick in refinance activity partly offset the slide in purchase-mortgage business. Private MIs do...[Includes two data tables]

Wells reported mortgage banking non-interest income of $1.6 billion for the first quarter, a $62 million decline from the prior period.

Private mortgage insurance firms adjusted their pricing in early 2016…

Meanwhile, BofA’s “legacy assets and servicing” unit lost $40 million in the first quarter of 2016.

Trouble ahead for CFPB chief Richard Cordray? The judges asked: “What independent agencies now or historically have been headed by a single person…”

If Jamie Dimon really cares about the pain suffered by his customers, he may want to keep his default management servicing inhouse…

Because of continuing problems in implementing the TRID integrated disclosure rule, lenders have not been able to focus on the new HMDA requirements...

“I would say that [MSR] prices are reasonable now,” said one advisor who spoke under the condition his name not be used. “The bid/ask spread has come down a little bit.”

Maybe one of these days JPM will exit mortgages entirely. But for now, Jamie Dimon is staying put...