We’ve heard scattered reports about a new nonbank warehouse provider that is offering extremely cheap financing while asking for large fee payments upfront...

At 7.59 percent, the hedge fund is now the third largest institutional investor in PHH.

Prospect Mortgage is the top contributor to the deal with an 11.2 percent share of the collateral.

At the same time, the market share of GSE business has been redistributed toward the smaller lenders.

Just because a GSE uses a third-party vendor to assess the risk of seller/servicers as counter-parties that doesn’t mean the GSE – or their management – is off the hook if something goes awry.

The three biggest servicers in the group – Wells Fargo, JPMorgan Chase and Bank of America – all reported significant declines in servicing income.

Mortgage bankers are concerned about what the CSBS is up to and how binding its recommendations will be.

The deal marked a shift for EverBank – the bank typically retains its jumbo ARM originations in portfolio.

On a year-to-date basis, GSE refi securitizations were down 68.6 percent at the end of October.

According to figures recently compiled by RealtyTrac, 26,947 single family homes were flipped nationwide in the third quarter.