bivey@imfpubs.com Walter Investment Management is the latest servicer to transition to a “capital lite” business model, announcing the formation of a REIT to hold mortgage servicing rights. Walter said the new Walter Capital Opportunity unit will acquire certain MSRs while Walter Investment Management subservices the loans. Rival special servicers Nationstar Mortgage and Ocwen Financial have already created or partnered with similar affiliated MSR investors and Two Harbors Investment, a REIT, announced a like-minded agreement with PHH this…

If Freddie Mac "pays back" the U.S. Treasury by year-end will it change the debate on the future of the GSEs?

FHA lenders originated $10.8 billion of new jumbo loans in the first half of 2013, down 2.7 percent from the same period last year.

According to Bill Dallas, his young firm hopes to table fund as much as $20 million in November, its first full month of operation

An active mortgage wholesaler in California is letting account executives go. Stay tuned for details.

The REIT is just starting to purchase MSRs. At the end of September it had $15.7 million of mortgage servicing rights on its balance sheet, but that figure should rapidly change in the quarters ahead.

“At the end of the day, we’re still dealing with a one-sided contract with a significant termination option,” said Jonathan Jaffe, an attorney who works on GSE buyback issues.

One mortgage analyst who tracks the company said Nationstar is changing the way it “allocates capital” to certain of its business segments.

Bank of America led all residential firms in cumulative mortgage complaints: 23,004 at the end of September. Wells Fargo was a distant second with 12,261.

When it comes to auditing mortgage lenders, does the CFPB know what it’s doing? It all depends on who you talk to. Also, the FHFA cracks down on force placed insurance (again).