Walter, the parent of Ditech Financial, said it expects to “acknowledge receipt” of the compliance violation and “notify the NYSE of its intention to seek to cure the deficiency…”

Under the proposal, the CFPB would increase that threshold to 500 loans through calendar years 2018 and 2019…

Agency mortgages produced by mortgage brokers actually rose 4.4 percent in the second quarter, even as the overall market was falling 6.1 percent.

Mortgage gain-on-sale margins likely will be flat...

One of the biggest development this year has been the growing consistency in issuance of nonprime MBS.

JPM reported mortgage banking income of $1.43 billion in the second quarter, off $103 million from the first quarter and down $495 million compared to 2Q16.

The Invictus Opportunity Fund recently raised $35.56 million in capital.

According to Fairholme’s math, the GSEs earn over $15 billion a year, and taxpayers own 80 percent of the companies (via the senior preferred). Berkowitz values the senior stock at $100 billion…

With refinance activity tapering off, the retail production channel lost some of its edge during the second quarter of 2017, according to a new Inside Mortgage Trends analysis of agency mortgage-backed securities. Retail production accounted for 50.6 percent of the $290.63 billion of single-family mortgages securitized by Fannie Mae, Freddie Mac and Ginnie Mae in the second quarter. Including modified loans and those with no channel identification ... [Includes one data chart]

Direct-mail advertising campaigns touting refinances help prompt borrowers to refi, according to a study by economists at the Federal Reserve. They added that policymakers should consider making it easier for lenders to target borrowers for refis. Seran Grundl and You Suk Kim, economists at the Fed, authored a recent working paper that examined how borrowers react to receiving ads in the mail for refinances. They said the effect of advertising on consumer mistakes and ...