Three megabanks account for an outsized share of first liens held by banks: Wells Fargo, JPMorgan Chase and Bank of America.

A spokeswoman for bemortgage said the lender’s staff will be kept in place…

Simone Grimes, who holds the title of special advisor, is still employed by the agency.

Ocwen said its ability to utilize the NOLs to offset future taxable income may be significantly limited if the company experiences an ownership change.

Roughly 86 percent of the mortgages are purchase-money loans...

ICBA: “They [Freddie] can say whatever they want to, but financing MSR crosses the line.”

Mortgages from 74 lenders will be included in the deal…

The megabank is not commenting on how the cuts might affect specific business units...

JPMorgan Chase is changing the servicing-fee structure in its latest prime non-agency mortgage-backed security. Many of the loans will be subject to a variable servicing fee as opposed to the flat fee traditionally used by Chase and many other issuers. Some 80.1 percent of the unpaid principal balance of the planned $513.9 million issuance is subject to the variable fee, a structure that is more commonly seen on MBS backed by nonperforming mortgages. The servicing fee will ...

The idea to ban nonbanks from the FHLB system (via the captive loophole) increasingly looks like a head-scratcher....