However, there was some good news. Flagstar reported residential originations of $7.19 billion, a 21 percent gain from 2Q.

An investor in GSE stock, Continental’s counsel in the case is Cooper & Kirk, the same law firm that represents Fairholme, a large hedge fund that bought up GSE stock last year.

We even heard one report that a non-QM firm is contemplating an initial public offering. It sounds crazy, we know…Meanwhile, it appears the states want a say in MSR transfers...

Ocwen said it has fixed the "back-dating" problem but it may be too late for the company.

After all, didn’t America suffer a housing “depression” because credit was too loose? Some GOP conservatives in Congress live by the edict: those who can own; those who can’t rent…

At press time, the firm’s share price was getting crushed, down 25 percent on the day to a new 52-week low of $19.89.

Servicing brokers expect a land rush of servicing deals before yearend.

Charbonneau, Klein and other advisors report that mortgage M&A activity is the strongest it has been in years.

What does IBM have to do with the mortgage business? Actually quite a bit, IBM is one of Fannie Mae’s largest technology vendors...

In defining misrepresentations, FHFA will set a minimum number of loans that must be identified with one of the six trigger elements.