About three years ago, some investors – private equity firms and hedge funds in particular – started purchasing NPLs as a cheaper alternative to buying foreclosed homes.

A spokeswoman for Wells noted that loan volumes for closed-end seconds “was a small percentage of our business.”

In the second quarter of 2015, 66.4 percent of loans sold to the GSEs had credit scores of 740 or higher.

Meanwhile, Ocwen has been shifting as many of its servicing workers overseas as possible...

Both parties, to date, have declined to discuss the situation.

Meanwhile, $69.1 billion in FHA purchase and refi loans were securitized in 2Q, a whopping 93.9 percent sequential gain.

Five Oaks issued its first jumbo MBS in April and plans for another deal by the end of September.

The Blackstone Group has finally lifted the 'cone of silence' on its acquisition of mortgage lenders. But will it disclose origination figures?

First Tennessee has 172 warehouse customers, compared to 160 a year ago.

CFPB Sends Questionnaire to Debt Collection Entities. The CFPB recently sent a questionnaire to a variety of debt collection firms, creditors and service providers in an effort to help the bureau “better understand operational costs and other factors associated with debt collection.” Noting that participation is voluntary, the consumer regulator said industry responses “will inform the bureau’s analysis of the costs and benefits of potential new rules related to debt collection.” The questionnaire asks about basic activities and operational costs of collecting debt, including, for example, questions about vendors used for activities such as dialers or print mailings, maintaining data about consumer accounts, and furnishing information to credit bureaus. “After we have received the questionnaire responses, we plan to reach ...