The founder of PennyMac has been selling shares in the company. But after he did, the stock price climbed even higher.

State regulators plan to issue capital requirements for nonbank lenders and servicers. There hasn’t been much movement on 2015 proposals.

When one non-QM lender agrees to sell, it stands to reason a peer company might for sale as well. Right? Not necessarily.

The bank agreed to settle a lawsuit accusing it of rigging prices for GSE bonds, and using the wider spreads to inflate the bank’s profits.

The banks are testing an incentive payment mortgage servicing compensation structure for certain non-agency deals. The move aims to align expenses and revenues for servicers faced with delinquent loans.

FHFA Director Mark Calabria said to exit conservatorship Fannie Mae and Freddie Mac will have to be adequately capitalized and make appropriate changes to their culture.

It was a bravura performance for the FHA’s Mutual Mortgage Insurance Fund in fiscal 2019. The MMIF ended the year with a capital ratio of 4.8%, more than double the statutory minimum.

Plenty of investors are looking to acquire servicing rights, including a handful of banks, according to industry participants. The outlook for the sector is rosy, though early-stage delinquencies are on the rise.

Pennsylvania regulators hit nonbanks with fines for servicing mortgages in the state without a license.

The non-QM market has been so hot this year that M&A activity is beginning to pick up a head of steam. Luxury Mortgage is the latest lender to pull the sale ripcord. There could be more.