Potential investors in RoundPoint Mortgage include PIMCO, which so far has spent several million dollars on due diligence and legal costs...

“Of course, there are no guarantees, and all of our announced sales may not close as we currently envision,” said Ocwen's Ron Faris.

Stop the office renovations? The CFPB may be unconstitutional after all...

Effective immediately, any Ginnie Mae issuer that wants to bring servicing in-house from a subservicer must get the agency’s prior written approval...

Bank of America, ranked third, continued to unload servicing and pared its holdings by 8.9 percent during the second quarter.

Over the past few months, several high level executives have left Nationstar Mortgage.

The average loan balance in the package is $214,935.

There are plenty of mortgage servicers that are building their portfolios in a market that is merely treading water, but many of the biggest players in the business continued to ease back from the business during the second quarter of 2015. As a group, the top five servicers still accounted for an impressive 40.1 percent of the mortgage servicing market, but their combined portfolio – $3.943 trillion at the end of June – shrank by 3.3 percent during the second quarter. In March, the top five accounted for 41.4 percent of the market, and at the midway point in 2014 they held a combined 44.1 percent share. Four of the top five contracted...[Includes two data tables]

Ginnie Mae this week adopted a prior-approval policy for mortgage servicers that switch subservicers, bring subservicing in-house or move in-house servicing to subservicers. Noting an increasing number of companies that are making such changes in their servicing operations, the agency said some mandatory reporting requirements are getting lost in the shuffle. Effective immediately, any Ginnie issuer that wants to bring servicing in-house from a subservicer must get the agency’s prior written approval, according to All-Participants Memo 15-11. Existing rules require...

Texas Capital BancShares recently unveiled a new correspondent acquisition program, but it’s not the loans per se that the bank is after – it’s the servicing rights attached to them. “They want to be in the servicing business,” said Chuck Klein, managing partner at Mortgage Banking Solutions. “The reason you enter the correspondent business is to get at the servicing rights. They’re in a great position to do a lot of business.” As for the details, the industry will...