A group of servicers and other industry participants is focusing on issues with government-insured mortgages and has plans to simplify servicing practices. The Mortgage Servicing Collaborative was organized by the Urban Institute’s Housing Finance Policy Center. It includes representatives from a number of major servicers along with some officials from trade groups, consumer groups, investors, mortgage insurers, vendors and academics. The goal is...

Banks, thrifts and credit unions accounted for 50.5 percent of first-lien mortgage production by the top 100 lenders in the first quarter, according to survey figures compiled by Inside Mortgage Finance…

Glen Messina is no longer CEO of PHH, but he will be hanging around nonetheless…

It’s the fourth trip to the nonprime MBS well for Angel Oak…

Rep. Luetkemeyer stresses that housing finance reform is a “very difficult” issue…

New applications from issuer-wannabees is at the lowest point in nearly eight years, the agency estimates.

Meanwhile, holders of the GSE junior preferred stock receive nothing from Fannie and Freddie in terms of dividends.

-The nation’s top three ARM lenders are JPMorgan Chase, Wells Fargo and Bank of America…

The firms originating the collateral backing the MBS were not identified.

Overall, NYCB will earn, on a pre-tax basis, $90 million by exiting the residential finance sector…