All three hope to raise cash by selling MSR assets, eliminate the need to hold large sums for servicing advances and – importantly – buy some time.

Deutsche noted that after years of a steady broad-based housing market recovery “investors are now facing severe shortages in distressed housing pipelines.”

This fall will mark – unless there’s divine intervention or a Kumbaya moment in Washington – the ninth anniversary of the federal takeover of Fannie and Freddie.

In other words, Ocwen should have told shareholders that there was an MOU with the MMC.

Out as CEO is Brian Hale, who helped groom the company for much of this decade. Hale is departing for a new venture called DCC Holdings.

Ryan went on to say it would be a limited buffer, but it should be large enough to help cover and avoid a draw...

Marina Walsh, the MBA’s vice president of industry analysis, said mortgage performance has been helped by growth in employment and income...

Although it lost money on an accounting basis, its funds from operations, or FFO, came in at $78.2 million compared to $64.3 million for 1Q16.

Alterra Home Loans hired Tom Middleton as senior vice president of business development and national expansion. He joins the nonbank from On Q Financial...

Several trade groups, investors and analysts quickly issued their take on Watt’s comments, but there were some notables missing in action: Pershing Square and Fairholme.