“Banks are really bad at servicing nonperforming loans,” said Jon Wishnia, a partner at the law firm of Lowenstein Sandler.

DBRS isn't mincing any words: “Compared with other post-crisis representations and warranties frameworks, this transaction employs a relatively weak standard..."

The concept of MSR-backed securities recently came to the fore again with the news that Stonegate Mortgage, Indianapolis, is contemplating a transaction.

Broker originations also had a significantly larger average loan amount, $230,082, than the other channels.

Elevated home prices and a smaller supply of distressed properties have prompted many investors to switch from buying to selling.

It appears that Ethos Lending will enter the non-QM market come October...

FHFA's Bob Ryan said the GSE regulator has concerns that decreasing loan limits or increasing g-fees would limit access to credit.

Originators are constantly looking over their shoulders because loans are being re-underwritten two or three times, once by the aggregator, once by the GSEs...

As the mortgage M&A market chugs along in the coming year, Guild hopes to be a buyer.

Soon it will be easier to use Ginnie Mae mortgage servicing rights as collateral, or so the agency hopes.