Meanwhile, BofA’s “legacy assets and servicing” unit lost $40 million in the first quarter of 2016.

Wells reported mortgage banking non-interest income of $1.6 billion for the first quarter, a $62 million decline from the prior period.

Although there hasn’t been a lot of good news on PHH of late, one analyst we spoke with noted a positive: “They still have plenty of cash on their books…”

With steady growth over the past four years, nonbank mortgage servicers should have more regulatory oversight, according to a recently released study by the U.S. Government Accountability Office. Several agencies, including the Conference of State Bank Supervisors and the Federal Housing Finance Agency, agreed with that recommendation. The share of home mortgages serviced by nonbanks tripled from 2012 to midyear 2015, growing from approximately 6.8 percent to 24.2 percent, the GAO said. The GAO recommended...

If Jamie Dimon really cares about the pain suffered by his customers, he may want to keep his default management servicing inhouse…

Maybe one of these days JPM will exit mortgages entirely. But for now, Jamie Dimon is staying put...

“I would say that [MSR] prices are reasonable now,” said one advisor who spoke under the condition his name not be used. “The bid/ask spread has come down a little bit.”

Fannie's CFO McFarland made her disclosure around the same time the U.S. Treasury changed the terms of the GSE bailout...

Big trouble for PHH? Its stock is getting clocked.

The bank offers HELOC line amounts up to $500,000 and a maximum loan-to-value ratio of 70.0 percent.