ResCap Liquidating Trust last week filed two new lawsuits against lenders as it continued its efforts to recover losses due to bad loans purchased from correspondents that later forced the company into Chapter 11 bankruptcy. No other details were provided by defendant attorneys with American Mortgage Law Group, which warned that the Dec. 2 filings in Minnesota federal district court may trigger a second wave of litigation by the trust. AMLG said it has been helping a number of lenders with pre-litigation demands from the trust and has seen increased activity on that front. On Nov. 16, a federal judge dismissed...

Late this week, Nationstar’s common was selling for $19.17 a share, just pennies below its yearly high. PennyMac Financial topped its high for the year.

Caliber Home Loans was the only subprime servicer among the top 10 to increase its subprime portfolio compared with the third quarter of 2015

In case you’re not keeping tally, there are roughly 387 calendar days remaining before the “capital buffer” at Fannie and Freddie falls to zero on Jan. 1, 2018.

Commercial banks and savings institutions gently nudged their valuations of mortgage servicing rights slightly higher in the third quarter as higher interest rates reduced prepayment expectations. A new Inside Mortgage Trends analysis of call reports shows banks put a fair market value of $36.17 billion on their MSR assets at the end of the third quarter. That works out to 0.93 percent of the principal balance of $3.879 trillion of loans serviced for others, up from ... [Includes one data chart]

Then there’s the case of Bill Dallas, the industry veteran who runs Skyline Home Loans in Calabasas, CA. “Winter is coming,” he said in a brief email exchange with Inside Mortgage Finance.

With rates rising almost 75 basis points since the election, more MSR packages should hit the market in the next few weeks.

Of the three reverse mortgage firms, American Advisors Group was fined the most: $400,000...

Have any of the GSE stock speculators that bought on the cheap cashed out of their gains?

Despite higher interest rates, publicly traded mortgage stocks have been rising since the election, but market watchers are cautious that recent gains could evaporate quickly. “Two things are going on here,” said Henry Coffey, an equities analyst at Wedbush Securities. “We’ve had a massive market rally, especially in financial stocks. But the general consensus is that the new administration is going to be less punitive than the current one.” Coffey added...[Includes one data table]