According to one analyst, "Ackman is reloading the boat with the extra cash he has on hand. Hopefully, others will join him.”

More trouble for Walter Investment Management? Meanwhile, according to NTC, as many as 490,000 homeowners could be affected by faulty servicer database records.

In fact, nearly a fifth of the repurchases involved loans sold to the GSEs by Lehman Brothers or its related mortgage businesses.

Under the proposal, lenders would be required to report the originations of QMs and non-QMs.

Redwood Trust ranked second in terms of issuance for the third quarter, pricing $636.0 million in jumbo MBS.

Varde has been looking for an investment in the non-QM space for the past year and finally found Deephaven. “They’ve approached others as well,” one source told IMFnews.

Deephaven founder Matt Nichols isn’t ready to provide details on the subprime lender's game strategy quite yet...

Bank of America blamed the layoffs on “continued reductions” in its legacy mortgage business “as well as actions taken in sales and fulfillment as refinance demand slowed.”

Officially launched a year ago, the Bethesda, MD-based Common Securitization Solutions has no chief executive officer or chairman but continues to hire staff.

REITs have seen mixed results in the past year when aggregating jumbos for MBS and buying a subordinate portion of the securities.