When all is said and done, the buyer could wind up with $2.12 billion worth of government product.

Stock options have to be “in the money” to execute and many of the six nonbank lender/servicers are trading below their initial IPO price…

In the broker segment, new hiring for the month improved by 3,200 heads to 124,800. Both the banker and broker readings represent 10-year highs and then some.

Bank call-report data show a huge drop in mortgage banking income from the first to the second quarter, but several top banks reported big gains. (Includes data chart.)

When an industry thrives, its chief trade organization usually thrives as well. But not in FY20, when COVID-19 and accounting entries from the year before nicked MBA’s bottom line.

Earlier in the week, CoreLogic estimated a loss of between $27 billion and $40 billion because of damage to property, including insured and uninsured residences and commercial structures...

It was thought that higher capital requirements proposed on Ginnie Mae issuers would ding valuations of the MSR asset. But so far, that hasn’t happened. Credit: strong demand and declining forbearance ratios.

Most of the gain came from three top institutions and in one specific category: ABS backed by consumer loans...

The FTC has some questions for SFR giant Invitation Homes. Details? None...

While analysts continue to track potential losses from property damage due to Hurricane Ida this week, servicers of mortgages for the GSEs have been instructed to proactively offer forbearance to hurricane victims.