In recently issued guidance, the VA said reduction of principal in connection with a loan modification may produce a higher expected return for a servicer than termination of the loan.

Testifying before a House subcommittee, the CFPB's Antonakes emphasized the fundamental importance of data analysis to the bureau’s mission.

PMFS, an affiliate of PennyMac Mortgage Investment Trust, said the repo line will be used to fund new residential originations.

Any lender that has refis greater than 50 percent could be at risk for layoffs, said one industry consultant.

A few days the megabanks will reveal 2Q earnings, letting us know how gain-on-sale margins are holding up.

Agency MBS accounted for 98 percent of credit union investments in mortgage securities, according to Inside MBS & ABS.

New report sheds light on how much nonbank mortgage workers earn.

As with previous MBS issued by Springleaf, the mortgages in the security were originated by firms owned by Fortress Investment Group.

The sale price breaks down as follows: $2.43 billion for the servicing advances and $241 million for the MSRs.

Citigroup, which runs an active NPL trading desk, acquired the assets from a large money-center bank.