Many independent mortgage companies that are relatively new to the mortgage servicing market are actively managing their portfolios in a constantly shifting environment, according to panelists at the annual convention of the Mortgage Bankers Association. The surprisingly cheap cost of retaining mortgage servicing rights during the 2012 bonanza led a number of nonbank lenders to start amassing MSR portfolios. It has become a valuable tool in managing cash flow and earnings in the volatile mortgage production market of recent years. Guild Mortgage is...

There was some good news from Ocwen: the company earned $44.2 million from servicing sales...

The sale of mortgage servicing rights to Nationstar should transfer by Nov. 1.

“The flow market remains consistent with pricing, while the bulk market ebbs and flows with the 10-year and mortgage spreads,” said Tom Piercy of Interactive Mortgage Advisors.

The privately held Guild Mortgage, San Diego, said it funded $10.7 billion in home mortgages through the first nine months of 2015...

For all of 2015 Radian predicts that it will pay $700 million in net claims, but next year that figure could fall to as low as $400 million.

Over the past five quarters, Flagstar has unloaded $25.2 billion of residential servicing rights.

However, in a final note on the companies, FBR analyst Paul Miller called PMMIT an “outperform,” while giving it a price target of $20…

The megabanks – Wells Fargo, JPMorgan Chase, Bank of America and U.S. Bank – ranked first through fourth, respectively, with a combined agency market share of 40.3 percent at Sept. 30.

During his career, Chris Nard also headed ORI’s mortgage insurance division, Republic Mortgage Insurance.