Statebridge, which was founded in late 2008, is looking to grow its subservicing platform. The company is licensed in all 50 states.

The easy money may be over for mortgage IPOs, but that doesn't mean deals won't get done.

The rating services have raised concerns about the representations and warranties on the new JPM jumbo deal as well as geographic concentration risk.

Loan applications are strong at Citadel, a newly launched nonprime lender. HUD goes on furlough for a day.

FHFA sued UBS in 2011 over $4.5 billion in RMBS securities that the bank sponsored and $1.8 billion in third party RMBS sold to Fannie Mae and Freddie Mac.

Purchase money lending will increase in 2014 but overall originations could swoon, according to a revised forecast from Fannie Mae.

Some of the nation's largest home lenders are beginning to cut mortgage workers as refinancing applications swoon.

In general, mortgage-related earnings were strong at the nation's banks in the second quarter, but clearly earnings "leakage" is underway. And yes, gain-on-sale is starting to slip.

The higher MSR values are not surprising, but the level of these increases have some mortgage professionals scratching their heads.

It has been a bad month for nationally recognized statistical rating organizations (NRSROs) as plaintiffs pummeled Standard & Poor’s, Moody’s Corp. and Fitch Ratings with lawsuits in state courts, seeking damages for allegedly fraudulent investment ratings of pre-crisis non-agency MBS. On July 9, liquidators of two Bear Stearns funds sued the three rating agencies and their parent companies in New York state court for more than $1.12 billion in damages, as well as punitive damages, over allegedly inflated ratings of purportedly “high grade” securities. Geoffrey Varga and Mark Longbottom, the joint official liquidators of Bear Stearns, brought...[Includes one data chart]