"Mr. Cooper" seems like an odd name for a mortgage company to trademark, but you never know...

Irony or good business?: Ocwen's mortgage customers are located in the U.S., but the back office staff processing their loans are mostly overseas.

Charles Schwab Bank was the biggest investor in consumer ABS with $12.49 billion at the midway point in the year.

With MBS issuance volume falling sharply in August, the mortgage industry may have another profit-related concern on its hands: gain-on-sale margins are coming under pressure. For now, no one is panicking, but until the recent rate drop – courtesy of China devaluing its currency – loan volumes were beginning to slow, especially for refinancings, although there’s plenty of hope that the purchase business will stay robust through the remainder of the fall. As one jumbo securitization official told Inside MBS & ABS: “Gain-on-sale margins have been...

Servicing federal student loans would likely become more costly and cumbersome under a set of best practices recently issued by a White House-sponsored interagency panel. Back in March, the Obama administration assembled a group of officials from the Treasury Department, the Department of Education, the Office of Management and Budget, and the Domestic Policy Council to monitor trends in the government’s student loan portfolio, budget costs and borrower assistance efforts. As part of that effort, the task force was directed...

Commercial banks and thrifts continued to back away from the business of servicing home mortgages for other investors during the second quarter of 2015, according to a new Inside Mortgage Trends analysis of call reports. At the end of June, the industry owned the servicing rights on $4.187 trillion of home loans held by other investors, typically as a result of mortgage securitization. That was down $94.2 billion from the previous quarter, a 2.2 percent decline ... [Includes one data chart]

Declines in negative equity and improvements to the economy have prompted a shift in the types of loan modifications offered by servicers. Industry analysts have raised concerns that the increased reliance on capitalization loan mods could lead to an increase in defaults. With a capitalization mod, servicers add unpaid mortgage interest and other costs to the unpaid loan balance and amortize the new balance, potentially with a new loan term or interest rate ...

At mid year 2015, PennyMac was the nation’s 12th largest servicer, according to a ranking from Inside Mortgage Finance.

Besides Fidelity, other institutional investors have slashed their holdings in the company, fearing that its best days are behind it.

Although the bulk market has faced headwinds in recent weeks, the “flow” servicing market has been “robust,” Piercy said.