PennyMac Financial Services could raise just over $200 million through an initial public offering of stock.

Sprague, a veteran of SunTrust, Bank of America, and Matrix Capital, has joined Phoenix Capital.

Banks are still making nice profits off their residential lending and servicing businesses, but 4Q12 may turn out to be a peak in the cycle.

Freddie Mac is phasing out a software package that helps with the servicing of delinquent loans, a move that could help private sector technology vendors.

Cole Taylor Mortgage, which has grown its servicing portfolio ten-fold in the past year, is now an active Ginnie Mae issuer.

The "flow" market for mortgage servicing continues to improve. IMA is in the market with a new package and others are on the way.

Mortgage profits are improving in the second quarter, but how long can it last? Meanwhile, Freddie talks about the CSP.

Industry groups argue that the Mortgage Resolution Partners proposal on eminent domain and MBS raises serious legal and constitutional issues.

Consumer advocates also recommend that state policymakers pass legislation or implement regulation requiring servicers to adopt and engage in loss-mitigation practices.

The White House wants to change the HARP eligibility date, making more underwater borrowers eligible for the program, Inside Mortgage Finance has learned.