The nation’s subservicers increased their contracts to a record high $1.350 trillion at March 31 as tougher regulations continued to play a key role in the shifting of processing chores away from depositories to nonbanks. On a sequential basis, contracts increased by 7.1 percent in the first quarter and 14.4 percent compared to March 31, 2014, according to a new Inside Mortgage Finance ranking. Only four banks – Flagstar, Cenlar, Wells Fargo and Bank of America – were among the top 20 subservicers. Overall, at March 31, subservicers were...[Includes one data table]

The underlying collateral is located in all 50 states, but Texas accounts for the largest count of loans at 1,220.

In a new research note, Sterne Agee analyst Henry Coffey also voices anxiety about the fact that almost 55 percent of Walter’s stock is controlled by three investor groups.

We’re told a sale contract could be signed any day now, but as far as a public announcement is concerned, it may not happen right away…

Wells Fargo, the nation's largest originator, reported that while 72 percent believe now is a good time to buy, many consumers are faced with misconceptions about credit scores and other topics.

The jobs that seem to be the least in demand include technology support (4 percent) and secondary marketing positions.

It was the biggest quarter in GSE private MI activity since the third quarter of 2013...

CMLA argues that “moving implementation to January [from October] will allow lenders and settlement service providers a more gradual implementation of the new disclosures in a lower pressure environment.”

There are three major cooperatives that serve as middlemen between lenders and various counterparties: Lenders One, Capital Markets Cooperative and The Mortgage Collaborative.

Mortgage repurchase volume fell 9.5 percent from the fourth quarter and it was down 12.3 percent from the first three months of last year.