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

Ocwen faces the potential loss of non-agency MBS servicing on two fronts but so far investors are not pulling the trigger...

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.”

If rates continue to head south it could result in large hedging losses and markdowns on mortgage servicing rights.

This just in: Wells Fargo mortgage chief Mike Heid to step down...

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

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.